Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 4,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Franklin Myers also recently made the following trade(s):

• On Monday, August 10th, Franklin Myers sold 3,500 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,690.47, for a total value of $5,916,645.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00.

Comfort Systems USA Trading Up 3.4%

Shares of NYSE:FIX traded up $58.01 during midday trading on Wednesday, hitting $1,746.06. 314,479 shares of the stock were exchanged, compared to its average volume of 454,990. The business’s 50-day moving average price is $1,800.41 and its 200 day moving average price is $1,625.42. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 42.94 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $6.53 EPS. The firm’s revenue was up 50.3% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 7.87%.

Analyst Ratings Changes

A number of analysts recently weighed in on FIX shares. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Glj Research initiated coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Oppenheimer initiated coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2,057.86.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in FIX. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at $33,000. Carolina Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the period. Institutional investors own 96.51% of the company’s stock.

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.