Comfort Systems USA (NYSE:FIX) Trading 2.9% Higher

Comfort Systems USA, Inc. (NYSE:FIX) traded up 2.9% during mid-day trading on Tuesday . The company traded as high as $306.79 and last traded at $303.70. 44,926 shares traded hands during trading, a decline of 87% from the average session volume of 346,304 shares. The stock had previously closed at $295.23.

Analysts Set New Price Targets

FIX has been the subject of a number of recent analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson lifted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. KeyCorp initiated coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th.

Comfort Systems USA Stock Down 0.0 %

The firm has a market cap of $11.01 billion, a PE ratio of 34.26 and a beta of 1.19. The business’s 50 day moving average price is $301.00 and its 200 day moving average price is $232.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07.

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

Comfort Systems USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders 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 dividend yield of 0.32%. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

Insider Transactions at Comfort Systems USA

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the sale, the director now owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now directly owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Large investors have recently bought and sold shares of the business. Raymond James & Associates grew its stake in Comfort Systems USA by 6.6% during the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after acquiring an additional 4,031 shares in the last quarter. State of Michigan Retirement System purchased a new stake in Comfort Systems USA during the 4th quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. purchased a new stake in Comfort Systems USA during the 4th quarter valued at about $1,194,000. Raymond James Financial Services Advisors Inc. grew its stake in Comfort Systems USA by 131.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 2,780 shares in the last quarter. Finally, FMR LLC grew its stake in Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after acquiring an additional 216,200 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.