Comfort Systems USA (NYSE:FIX) CFO Sells $2,020,960.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the transaction, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 8th, William George III sold 4,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00.
• On Monday, February 23rd, William George III sold 9,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00.

Comfort Systems USA Stock Down 0.8%

Comfort Systems USA stock traded down $15.68 during mid-day trading on Tuesday, hitting $2,017.30. The company had a trading volume of 367,074 shares, compared to its average volume of 426,902. The stock has a market cap of $71.01 billion, a price-to-earnings ratio of 58.20 and a beta of 1.70. Comfort Systems USA, Inc. has a 1 year low of $452.04 and a 1 year high of $2,045.14. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $1,551.03 and a 200 day moving average of $1,231.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.75 earnings per share. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.17 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, May 26th. Shareholders of record on Friday, May 15th will be paid a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s payout ratio is currently 8.08%.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently modified their holdings of FIX. Quent Capital LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $25,000. Ameriflex Group Inc. lifted its holdings in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $28,000. CENTRAL TRUST Co acquired a new stake in shares of Comfort Systems USA during the first quarter worth $46,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Comfort Systems USA during the first quarter worth $46,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FIX shares. DA Davidson raised their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Glj Research started coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

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.