Comfort Systems USA (NYSE:FIX) Director Sells $8,561,565.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the sale, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Franklin Myers also recently made the following trade(s):

• On Wednesday, February 25th, Franklin Myers sold 8,636 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,950.66 on Monday. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 56.28 and a beta of 1.70. Comfort Systems USA, Inc. has a 1-year low of $430.79 and a 1-year high of $2,018.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business’s fifty day moving average price is $1,529.16 and its 200-day moving average price is $1,215.34.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $4.75 earnings per share. Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is presently 8.08%.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research reports. Glj Research started coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group lifted their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. DA Davidson boosted 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 research report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,923.20.

Institutional Investors Weigh In On Comfort Systems USA

Large investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in Comfort Systems USA during the third quarter valued at approximately $25,000. Ameriflex Group Inc. increased its stake in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Eastern Bank purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $31,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $33,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Company Profile

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.