Comfort Systems USA, Inc. (NYSE:FIX) Insider Sells $6,733,200.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Comfort Systems USA Stock Up 1.3 %

FIX opened at $445.02 on Monday. The company’s 50-day moving average price is $398.73 and its two-hundred day moving average price is $348.11. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $474.62. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.31%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $524.00 price objective for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $376.00.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares in the last quarter. Vestcor Inc increased its holdings in shares of Comfort Systems USA by 2.1% in the third quarter. Vestcor Inc now owns 5,386 shares of the construction company’s stock worth $2,102,000 after purchasing an additional 112 shares during the period. M&T Bank Corp raised its position in shares of Comfort Systems USA by 6.5% in the third quarter. M&T Bank Corp now owns 5,380 shares of the construction company’s stock worth $2,100,000 after buying an additional 328 shares in the last quarter. Barclays PLC boosted its stake in Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after buying an additional 4,331 shares during the period. Finally, Zacks Investment Management grew its position in Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares in the last quarter. 96.51% of the stock is currently owned by 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.