Insider Selling: Comfort Systems USA (NYSE:FIX) CFO Sells 4,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, May 11th, William George III sold 1,000 shares of Comfort Systems USA stock. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00.
• On Monday, February 23rd, William George III sold 9,000 shares of Comfort Systems USA stock. The stock was 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%

Shares of FIX traded down $15.68 during mid-day trading on Tuesday, hitting $2,017.30. 367,074 shares of the company’s stock were exchanged, compared to its average volume of 426,902. The company has a market cap of $71.01 billion, a PE ratio of 58.20 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. Comfort Systems USA, Inc. has a 52 week low of $452.04 and a 52 week high of $2,045.14. The company has a 50-day simple moving average of $1,551.03 and a 200 day simple moving average of $1,231.63.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.75 EPS. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 8.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FIX shares. DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group increased their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,923.20.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds have recently added to or reduced their stakes in the business. Coston McIsaac & Partners lifted its holdings in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Comfort Systems USA by 1.3% during the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock valued at $832,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in Comfort Systems USA by 3.0% during the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

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.