Comfort Systems USA (NYSE:FIX) SVP Sells $977,761.07 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) SVP Terrence Reed sold 671 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,457.17, for a total transaction of $977,761.07. Following the completion of the sale, the senior vice president owned 3,950 shares of the company’s stock, valued at approximately $5,755,821.50. This trade represents a 14.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Terrence Reed also recently made the following trade(s):

• On Tuesday, March 3rd, Terrence Reed sold 1,116 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28.

Comfort Systems USA Stock Down 7.2%

Shares of Comfort Systems USA stock traded down $103.57 during trading on Thursday, reaching $1,326.81. The company’s stock had a trading volume of 403,835 shares, compared to its average volume of 440,401. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,500.00. The company has a 50-day simple moving average of $1,185.24 and a two-hundred day simple moving average of $973.90. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 45.91 and a beta of 1.63.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a $0.70 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 8.30%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares during the last quarter. Norges Bank purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $469,606,000. State Street Corp lifted its holdings in shares of Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its position in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after buying an additional 309,217 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIX shares. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $1,573.67.

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.