Comfort Systems USA (NYSE:FIX) CFO William George III Sells 9,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 9,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

William George III also recently made the following trade(s):

• On Monday, December 1st, William George III sold 4,370 shares of Comfort Systems USA stock. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,469.37 on Wednesday. The stock has a fifty day moving average price of $1,126.11 and a 200 day moving average price of $944.94. The stock has a market cap of $51.68 billion, a PE ratio of 50.84 and a beta of 1.67. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,480.97. The company has a debt-to-equity ratio of 0.06, 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, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company earned $4.09 earnings per share. Comfort Systems USA’s revenue was up 41.7% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 8.30%.

Analyst Ratings Changes

A number of analysts recently commented on FIX shares. DA Davidson lifted 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 report on Monday. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research note on Monday. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,573.67.

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently added to or reduced their stakes in FIX. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. State Street Corp grew its stake in shares of Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 39.0% during the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in 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 worth $951,883,000 after acquiring an additional 184,362 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.