Comfort Systems USA, Inc. (NYSE:FIX) Director Sells $1,294,980.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Darcy Anderson sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $1,294,980.00. Following the completion of the transaction, the director now directly owns 34,193 shares in the company, valued at approximately $14,759,750.38. This represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Comfort Systems USA Stock Performance

Shares of FIX opened at $435.86 on Monday. The business has a fifty day moving average of $357.21 and a 200 day moving average of $412.60. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $15.37 billion, a P/E ratio of 29.83 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. Comfort Systems USA’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is currently 10.80%.

Institutional Trading of Comfort Systems USA

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after acquiring an additional 55 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 67 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson boosted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $517.60.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.