Comfort Systems USA (NYSE:FIX) Trading Down 0.1%

Comfort Systems USA, Inc. (NYSE:FIX) shares dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $299.01 and last traded at $303.64. Approximately 221,134 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 275,456 shares. The stock had previously closed at $303.99.

Analyst Ratings Changes

Several research analysts recently commented on FIX shares. UBS Group raised their price target 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. DA Davidson raised their price target 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. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, KeyCorp started coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Comfort Systems USA Price Performance

The company has a market cap of $10.43 billion, a PE ratio of 32.48 and a beta of 1.19. The business’s 50 day moving average price is $296.34 and its 200-day moving average price is $228.77. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, analysts forecast that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

Insider Activity

In other news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction that occurred on 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 sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 over the last 90 days. Company insiders own 2.48% of the company’s stock.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $26,000. Rise Advisors LLC acquired a new position in Comfort Systems USA in the first quarter worth $44,000. Point72 Asset Management L.P. acquired a new position in Comfort Systems USA in the second quarter worth $35,000. AdvisorNet Financial Inc boosted its holdings in Comfort Systems USA by 2,410.0% in the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after purchasing an additional 241 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Comfort Systems USA in the fourth quarter worth $61,000. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

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.