Comfort Systems USA (NYSE:FIX) Shares Down 1.1%

Shares of Comfort Systems USA, Inc. (NYSE:FIX) dropped 1.1% during trading on Thursday . The stock traded as low as $304.45 and last traded at $305.32. Approximately 121,804 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 346,764 shares. The stock had previously closed at $308.69.

Analysts Set New Price Targets

FIX has been the topic of several research reports. DA Davidson upped their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. KeyCorp started coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group increased their price objective 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.

Comfort Systems USA Price Performance

The stock has a market cap of $10.78 billion, a P/E ratio of 29.91 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The business’s fifty day moving average price is $303.25 and its 200 day moving average price is $234.42.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio is 9.90%.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,800 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Darcy Anderson sold 3,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares in the company, valued at approximately $13,848,400.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now 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. Over the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC bought a new position in Comfort Systems USA in the 1st quarter valued at approximately $250,000. Robeco Schweiz AG bought a new position in Comfort Systems USA during the 1st quarter worth approximately $794,000. Aubrey Capital Management Ltd raised its holdings in Comfort Systems USA by 2.0% during the 1st quarter. Aubrey Capital Management Ltd now owns 20,000 shares of the construction company’s stock worth $6,354,000 after purchasing an additional 400 shares during the last quarter. Freedom Day Solutions LLC raised its holdings in Comfort Systems USA by 1.2% during the 1st quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company’s stock worth $2,717,000 after purchasing an additional 98 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Comfort Systems USA during the 1st quarter worth approximately $25,000. Institutional investors own 96.51% of the company’s stock.

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.