Insider Selling: Comfort Systems USA (NYSE:FIX) Director Sells $2,599,005.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director William Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Comfort Systems USA Stock Performance

FIX opened at $1,870.95 on Friday. Comfort Systems USA, Inc. has a 12-month low of $420.88 and a 12-month high of $1,877.35. The stock has a market cap of $65.86 billion, a price-to-earnings ratio of 53.98 and a beta of 1.70. The business has a 50 day moving average of $1,497.63 and a 200-day moving average of $1,188.75. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.75 earnings per share. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.42 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.80 per share. 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. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is 8.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FIX shares. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. UBS Group lifted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,923.20.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently modified their holdings of the stock. Quent Capital LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Ameriflex Group Inc. grew its position in shares of Comfort Systems USA by 100.0% during 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 in the last quarter. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $28,000. Eastern Bank purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at $31,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $33,000. 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.