Comfort Systems USA (NYSE:FIX) Director Darcy Anderson Sells 4,500 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Comfort Systems USA Trading Down 3.9%

Shares of FIX stock traded down $53.22 during mid-day trading on Friday, hitting $1,295.00. 141,603 shares of the company’s stock were exchanged, compared to its average volume of 435,140. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The stock has a 50-day simple moving average of $1,193.03 and a two-hundred day simple moving average of $976.48. 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 stock has a market cap of $45.55 billion, a price-to-earnings ratio of 44.81 and a beta of 1.63.

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

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FIX. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen downgraded 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 issued a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Finally, DA Davidson boosted their price target 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 given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,573.67.

Institutional Trading of Comfort Systems USA

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

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.