Comfort Systems USA (NYSE:FIX) Shares Down 0.2%

Comfort Systems USA, Inc. (NYSE:FIX) traded down 0.2% on Friday . The stock traded as low as $290.00 and last traded at $291.73. 87,466 shares traded hands during trading, a decline of 75% from the average session volume of 347,190 shares. The stock had previously closed at $292.24.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, KeyCorp assumed coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Comfort Systems USA Stock Down 1.1 %

The business has a 50 day moving average of $296.34 and a 200-day moving average of $228.77. The stock has a market cap of $10.31 billion, a PE ratio of 32.41 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. Equities research analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

Insider Buying and Selling

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the transaction, the director now directly owns 43,741 shares in the company, valued at approximately $13,848,400.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 in the last quarter. 2.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIX. Citigroup Inc. lifted its holdings in shares of Comfort Systems USA by 3.4% in the 1st quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock valued at $3,311,000 after buying an additional 1,224 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Comfort Systems USA by 8.2% in the 1st quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock valued at $1,558,000 after buying an additional 1,333 shares during the period. Bank of Montreal Can lifted its holdings in shares of Comfort Systems USA by 35.3% in the 1st quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock valued at $2,229,000 after buying an additional 6,454 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Comfort Systems USA by 54.7% in the 1st quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock valued at $1,721,000 after buying an additional 6,837 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Comfort Systems USA by 6.5% in the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock valued at $7,867,000 after buying an additional 5,394 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.