Comfort Systems USA, Inc. (NYSE:FIX) Insider Sells $6,474,900.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Comfort Systems USA Trading Down 0.7%

Shares of NYSE:FIX opened at $435.86 on Monday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The business’s fifty day simple moving average is $357.21 and its 200-day simple moving average is $412.60. The company has a market capitalization of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $2.69 EPS. The business’s revenue was up 19.1% compared to the same quarter last year. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.41%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FIX shares. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. DA Davidson raised their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $517.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after purchasing an additional 21,847 shares in the last quarter. FMR LLC boosted its holdings in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock worth $286,757,000 after acquiring an additional 4,512 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock valued at $326,409,000 after acquiring an additional 21,406 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.