Insider Selling: Comfort Systems USA (NYSE:FIX) Director Sells $5,916,645.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $1,690.47, for a total value of $5,916,645.00. Following the sale, the director directly owned 58,615 shares in the company, valued at approximately $99,086,899.05. The trade was a 5.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Franklin Myers also recently made the following trade(s):

• On Tuesday, August 11th, Franklin Myers sold 4,000 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00.

Comfort Systems USA Stock Up 2.7%

Shares of FIX stock opened at $1,774.19 on Friday. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The stock has a market cap of $62.43 billion, a PE ratio of 43.63 and a beta of 1.69. The business’s fifty day moving average is $1,793.06 and its 200-day moving average is $1,634.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm posted $6.53 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. Equities analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIX. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. UBS Group increased their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday, July 27th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $2,057.86.

Hedge Funds Weigh In On Comfort Systems USA

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

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.