Comfort Systems USA (NYSE:FIX) CFO William George III Sells 2,554 Shares

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 2,554 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Comfort Systems USA Stock Down 7.5%

NYSE:FIX opened at $1,739.88 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $1,791.87 and a 200-day moving average of $1,647.66. The firm has a market capitalization of $61.23 billion, a PE ratio of 42.79 and a beta of 1.69. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the company earned $6.53 EPS. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new position in Comfort Systems USA in the 2nd quarter worth about $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $33,000. Finally, Carolina Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of research reports. KeyCorp boosted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $2,057.86.

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.