Comfort Systems USA (NYSE:FIX) Shares Down 0.2%

Shares of Comfort Systems USA, Inc. (NYSE:FIX) traded down 0.2% during trading on Friday . The company traded as low as $290.00 and last traded at $291.73. 87,466 shares traded hands during trading, a decline of 75% from the average session volume of 347,190 shares. The stock had previously closed at $292.24.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. UBS Group boosted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp assumed coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

Comfort Systems USA Trading Down 1.1 %

The company has a market cap of $10.31 billion, a P/E ratio of 32.41 and a beta of 1.19. The stock’s 50 day moving average is $296.34 and its 200-day moving average is $228.77. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. Comfort Systems USA’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 14,185 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. 2.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Raymond James & Associates grew its stake in shares of Comfort Systems USA by 6.6% during the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after acquiring an additional 4,031 shares during the period. State of Michigan Retirement System bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $1,769,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $1,194,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Comfort Systems USA by 131.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 2,780 shares during the last quarter. Finally, FMR LLC raised its holdings in Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after buying an additional 216,200 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.