Comfort Systems USA (NYSE:FIX) Stock Price Up 0.2%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price traded up 0.2% during trading on Thursday . The company traded as high as $351.31 and last traded at $346.98. 55,371 shares traded hands during trading, a decline of 84% from the average session volume of 356,875 shares. The stock had previously closed at $346.21.

Analyst Ratings Changes

Several research firms have issued reports on FIX. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

Comfort Systems USA Price Performance

The company has a market capitalization of $12.39 billion, a PE ratio of 34.38 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $311.99 and a 200-day simple moving average of $243.89.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $1.51 EPS. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s payout ratio is presently 11.88%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the transaction, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The disclosure for this sale can be found here. Insiders have sold 50,114 shares of company stock worth $14,946,495 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at approximately $44,000. Headlands Technologies LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at approximately $65,000. Finally, GAMMA Investing LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds 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.