Comfort Systems USA (NYSE:FIX) Trading Up 0%

Shares of Comfort Systems USA, Inc. (NYSE:FIX) rose 0% during mid-day trading on Thursday . The stock traded as high as $305.48 and last traded at $302.01. Approximately 51,310 shares changed hands during trading, a decline of 85% from the average daily volume of 352,439 shares. The stock had previously closed at $301.94.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. KeyCorp began coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. UBS Group upped their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, DA Davidson upped their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Comfort Systems USA Price Performance

The stock has a fifty day moving average of $308.87 and a two-hundred day moving average of $239.44. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 31.19 and a beta of 1.20.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a dividend of $0.30 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s payout ratio is 9.90%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently modified their holdings of FIX. Heritage Wealth Management LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth $246,000. Raymond James & Associates increased its stake in shares of Comfort Systems USA by 6.6% in the fourth quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock worth $13,366,000 after buying an additional 4,031 shares during the period. State of Michigan Retirement System bought a new position in shares of Comfort Systems USA during the fourth quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. bought a new position in Comfort Systems USA during the 4th quarter valued at approximately $1,194,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Comfort Systems USA by 131.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after acquiring an additional 2,780 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.