Comfort Systems USA (NYSE:FIX) Trading Up 1.2%

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price traded up 1.2% on Wednesday . The stock traded as high as $319.69 and last traded at $312.26. 119,848 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 347,027 shares. The stock had previously closed at $308.47.

Wall Street Analyst Weigh In

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

Comfort Systems USA Trading Up 1.0 %

The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 34.63 and a beta of 1.19. The company’s 50-day moving average is $302.17 and its 200-day moving average is $233.51. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.51 earnings per share. Comfort Systems USA’s revenue was up 30.8% compared to the same quarter last year. Research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Verdence Capital Advisors LLC purchased a new position in shares of Comfort Systems USA in the first quarter valued at approximately $250,000. Robeco Schweiz AG purchased a new position in shares of Comfort Systems USA in the first quarter valued at approximately $794,000. Aubrey Capital Management Ltd lifted its stake in Comfort Systems USA by 2.0% in the first quarter. Aubrey Capital Management Ltd now owns 20,000 shares of the construction company’s stock worth $6,354,000 after acquiring an additional 400 shares during the last quarter. Freedom Day Solutions LLC lifted its stake in Comfort Systems USA by 1.2% in the first quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company’s stock worth $2,717,000 after acquiring an additional 98 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Comfort Systems USA in the first quarter worth approximately $25,000. 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.