Comfort Systems USA (NYSE:FIX) Trading Up 1.2%

Comfort Systems USA, Inc. (NYSE:FIX) was up 1.2% during trading on Wednesday . The company traded as high as $319.69 and last traded at $312.26. Approximately 119,848 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 347,027 shares. The stock had previously closed at $308.47.

Wall Street Analyst Weigh In

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

Comfort Systems USA Stock Performance

The company has a market cap of $11.12 billion, a P/E ratio of 34.63 and a beta of 1.19. The firm has a 50 day moving average price of $302.17 and a 200-day moving average price of $233.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS. On average, research analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.32%. Comfort Systems USA’s payout ratio is 11.11%.

Insider Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 in the last 90 days. 1.80% of the stock is owned by company insiders.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at about $25,000. Byrne Asset Management LLC acquired a new position in Comfort Systems USA during the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Comfort Systems USA during the first quarter worth approximately $44,000. VisionPoint Advisory Group LLC acquired a new position in Comfort Systems USA during the third quarter worth approximately $59,000. Finally, GAMMA Investing LLC acquired a new position in Comfort Systems USA during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds 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.