Comfort Systems USA (NYSE:FIX) Trading 0.4% Higher

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price was up 0.4% during mid-day trading on Tuesday . The company traded as high as $314.04 and last traded at $311.89. Approximately 58,040 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 352,539 shares. The stock had previously closed at $310.69.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group increased their target price 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. KeyCorp began coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, DA Davidson increased their price target 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.

Comfort Systems USA Stock Down 2.4 %

The firm has a market cap of $10.79 billion, a PE ratio of 29.90 and a beta of 1.20. The business’s 50 day moving average price is $306.94 and its 200 day moving average price is $237.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.40%. Comfort Systems USA’s payout ratio is presently 9.90%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at approximately $584,000. BNP Paribas Financial Markets raised its holdings in shares of Comfort Systems USA by 24.6% in the 1st quarter. BNP Paribas Financial Markets now owns 62,094 shares of the construction company’s stock valued at $19,728,000 after buying an additional 12,253 shares during the period. Diversify Advisory Services LLC acquired a new position in Comfort Systems USA during the 1st quarter worth about $961,000. Consolidated Portfolio Review Corp purchased a new position in Comfort Systems USA during the 1st quarter valued at about $2,018,000. Finally, Retirement Systems of Alabama increased its stake in Comfort Systems USA by 21.1% during the first quarter. Retirement Systems of Alabama now owns 54,177 shares of the construction company’s stock worth $17,213,000 after purchasing an additional 9,446 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.