Comfort Systems USA (NYSE:FIX) Director Pablo Mercado Sells 500 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo Mercado sold 500 shares of Comfort Systems USA stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,405.00, for a total value of $702,500.00. Following the transaction, the director directly owned 3,500 shares in the company, valued at approximately $4,917,500. The trade was a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Comfort Systems USA Stock Performance

NYSE FIX traded up $38.87 on Tuesday, reaching $1,452.44. 227,932 shares of the stock were exchanged, compared to its average volume of 430,944. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,476.94. The firm has a market capitalization of $51.08 billion, a PE ratio of 50.23 and a beta of 1.67. The company’s 50-day simple moving average is $1,116.07 and its two-hundred day simple moving average is $939.47.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.09 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA’s payout ratio is 8.30%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FIX. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday. UBS Group reiterated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research report on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $1,573.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIX. Sunbelt Securities Inc. lifted its holdings in shares of Comfort Systems USA by 14.4% in the 4th quarter. Sunbelt Securities Inc. now owns 1,798 shares of the construction company’s stock worth $1,678,000 after acquiring an additional 227 shares during the last quarter. Dorsey Wright & Associates raised its position in Comfort Systems USA by 6.8% in the 4th quarter. Dorsey Wright & Associates now owns 8,485 shares of the construction company’s stock worth $7,919,000 after purchasing an additional 539 shares during the period. Compound Planning Inc. lifted its stake in Comfort Systems USA by 15.0% in the fourth quarter. Compound Planning Inc. now owns 834 shares of the construction company’s stock worth $778,000 after purchasing an additional 109 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Comfort Systems USA by 3.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 544 shares of the construction company’s stock valued at $508,000 after buying an additional 18 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of Comfort Systems USA by 62.2% during the fourth quarter. Corient Private Wealth LLC now owns 3,049 shares of the construction company’s stock valued at $2,846,000 after buying an additional 1,169 shares during the period. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.