Insider Selling: Comfort Systems USA (NYSE:FIX) SVP Sells 671 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) SVP Terrence Reed sold 671 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,457.17, for a total value of $977,761.07. Following the completion of the sale, the senior vice president owned 3,950 shares of the company’s stock, valued at $5,755,821.50. This trade represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Terrence Reed also recently made the following trade(s):

• On Tuesday, March 3rd, Terrence Reed sold 1,116 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,397.33, for a total value of $1,559,420.28.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $103.57 during mid-day trading on Thursday, hitting $1,326.81. 403,835 shares of the company traded hands, compared to its average volume of 440,401. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $1,185.24 and its 200-day moving average price is $973.90. The firm has a market cap of $46.66 billion, a price-to-earnings ratio of 45.91 and a beta of 1.63. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.09 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is currently 8.30%.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently modified their holdings of FIX. Vanguard Group Inc. boosted its position in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. State Street Corp lifted its stake in shares of Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC boosted its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Invesco Ltd. raised its holdings in Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 22.1% in the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after buying an additional 184,362 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FIX shares. DA Davidson upped their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $1,573.67.

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.