Comfort Systems USA (NYSE:FIX) Stock Price Down 1.3% on Insider Selling

Comfort Systems USA, Inc. (NYSE:FIX) fell 1.3% on Friday following insider selling activity. The stock traded as low as $342.33 and last traded at $342.33. 48,198 shares were traded during mid-day trading, a decline of 86% from the average session volume of 356,743 shares. The stock had previously closed at $346.91.

Specifically, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,114 shares of company stock valued at $14,946,495. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of research reports. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday. DA Davidson upped their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, UBS Group upped their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market cap of $12.26 billion, a P/E ratio of 33.89 and a beta of 1.20. The firm has a 50 day moving average price of $312.83 and a two-hundred day moving average price of $244.61.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC purchased a new position in Comfort Systems USA during the 1st quarter valued at about $230,000. State Board of Administration of Florida Retirement System boosted its position in shares of Comfort Systems USA by 14.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,585 shares of the construction company’s stock valued at $3,681,000 after acquiring an additional 1,470 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $390,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $313,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Comfort Systems USA by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 34,625 shares of the construction company’s stock valued at $11,003,000 after acquiring an additional 754 shares during the last quarter. 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.