Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo G. Mercado acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of $49.38 per share, for a total transaction of $49,380.00. Following the acquisition, the director now owns 4,262 shares in the company, valued at approximately $210,457.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Comfort Systems USA stock traded down $0.37 during trading on Thursday, hitting $49.09. 5,158 shares of the company’s stock traded hands, compared to its average volume of 284,018. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.33 and a current ratio of 1.36. Comfort Systems USA, Inc. has a twelve month low of $41.14 and a twelve month high of $59.83. The firm has a market cap of $1.83 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32.
Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 25th. The construction company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $538.47 million for the quarter, compared to analyst estimates of $538.80 million. Comfort Systems USA had a net margin of 5.15% and a return on equity of 23.00%. Comfort Systems USA’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 3.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.10 dividend. The ex-dividend date is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Comfort Systems USA’s payout ratio is 13.33%.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Comfort Systems USA by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,584,643 shares of the construction company’s stock valued at $69,216,000 after buying an additional 20,036 shares in the last quarter. Norges Bank bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $36,764,000. Westwood Holdings Group Inc. raised its stake in shares of Comfort Systems USA by 13.5% in the first quarter. Westwood Holdings Group Inc. now owns 656,929 shares of the construction company’s stock worth $34,417,000 after acquiring an additional 78,062 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Comfort Systems USA by 0.4% in the third quarter. Teachers Advisors LLC now owns 601,469 shares of the construction company’s stock worth $33,923,000 after acquiring an additional 2,292 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Comfort Systems USA by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 526,787 shares of the construction company’s stock worth $27,599,000 after acquiring an additional 21,267 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
FIX has been the topic of several research reports. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, April 30th. Sidoti lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, March 12th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, February 25th.
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Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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