William George III Sells 2,554 Shares of Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Comfort Systems USA Trading Down 7.5%

Shares of NYSE:FIX traded down $141.30 during mid-day trading on Tuesday, reaching $1,739.88. The stock had a trading volume of 475,586 shares, compared to its average volume of 453,674. The firm has a 50 day simple moving average of $1,793.64 and a two-hundred day simple moving average of $1,643.63. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The firm has a market cap of $61.23 billion, a PE ratio of 42.79 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company earned $6.53 earnings per share. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is 8.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FIX shares. KeyCorp upped their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the 2nd quarter worth about $26,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the second quarter valued at about $32,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Kilter Group LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $48,000. Finally, Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at approximately $28,000. 96.51% of the stock is owned by institutional investors.

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.