Comfort Systems USA (NYSE:FIX) Sets New 1-Year High at $348.00

Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high during trading on Wednesday . The company traded as high as $348.00 and last traded at $348.00, with a volume of 480 shares trading hands. The stock had previously closed at $343.63.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. UBS Group boosted 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, 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 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 $12.12 billion, a PE ratio of 34.17 and a beta of 1.20. The business has a fifty day moving average price of $310.94 and a 200-day moving average price of $243.17.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Research analysts expect 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.35%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.90%.

Insider Activity at Comfort Systems USA

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 stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the transaction, the director now owns 43,741 shares in the company, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock worth $13,739,345 in the last three months. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FIX. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new position in Comfort Systems USA in the 4th quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in Comfort Systems USA in the 1st quarter valued at approximately $44,000. Headlands Technologies LLC bought a new position in Comfort Systems USA in the 1st quarter valued at approximately $65,000. Finally, GAMMA Investing LLC bought a new position in Comfort Systems USA in the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors 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.