Comfort Systems USA (NYSE:FIX) Trading Up 1.7%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price traded up 1.7% during mid-day trading on Monday . The company traded as high as $310.50 and last traded at $307.19. 80,756 shares were traded during trading, a decline of 77% from the average session volume of 351,484 shares. The stock had previously closed at $302.00.

Analysts Set New Price Targets

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

Comfort Systems USA Price Performance

The business has a fifty day moving average of $305.74 and a two-hundred day moving average of $237.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 30.63 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. As a group, research analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.39%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio is 9.90%.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the transaction, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on 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 directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock worth $13,739,345 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System boosted its stake in shares of Comfort Systems USA by 0.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock valued at $1,724,000 after buying an additional 60 shares during the period. Portside Wealth Group LLC lifted its position in shares of Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock valued at $368,000 after acquiring an additional 74 shares during the period. Sound View Wealth Advisors Group LLC grew its holdings in shares of Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock worth $244,000 after purchasing an additional 75 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Comfort Systems USA in the first quarter worth $25,000. Finally, Freedom Day Solutions LLC increased its position in shares of Comfort Systems USA by 1.2% in the first quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company’s stock worth $2,717,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.