Comfort Systems USA (NYSE:FIX) Sets New 12-Month High – Here’s What Happened

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $1,845.00 and last traded at $1,840.8030, with a volume of 231431 shares changing hands. The stock had previously closed at $1,724.14.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a report on Friday, April 24th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday. DA Davidson increased their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,923.20.

Comfort Systems USA Trading Up 1.7%

The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $1,497.63 and a two-hundred day simple moving average of $1,186.36. The firm has a market cap of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share 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 business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business posted $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. Equities analysts forecast that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares in the company, valued at $13,282,648.22. This trade represents a 16.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the transaction, the director owned 3,000 shares of the company’s stock, valued at approximately $5,339,340. The trade was a 14.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 39,288 shares of company stock worth $57,165,933. Insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its stake in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $28,000. CENTRAL TRUST Co purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $46,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $46,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.