Comfort Systems USA (NYSE:FIX) CAO Sells $2,246,415.51 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Comfort Systems USA Price Performance

NYSE:FIX traded up $76.37 during trading hours on Monday, reaching $2,028.74. 376,973 shares of the company were exchanged, compared to its average volume of 427,532. Comfort Systems USA, Inc. has a 1-year low of $446.77 and a 1-year high of $2,045.14. The company has a market capitalization of $71.41 billion, a P/E ratio of 58.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business has a 50 day moving average of $1,529.16 and a 200 day moving average of $1,215.34.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the company earned $4.75 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is 8.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Quent Capital LLC purchased a new position in Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. increased its stake in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. Eastern Bank bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $31,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $33,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. UBS Group lifted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, DA Davidson lifted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,923.20.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.