Comfort Systems USA (NYSE:FIX) Insider Sells $25,769,957.04 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian Lane sold 16,024 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Comfort Systems USA Stock Performance

FIX opened at $1,518.08 on Friday. The company has a market capitalization of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69. The business’s 50-day moving average price is $1,747.26 and its two-hundred day moving average price is $1,669.40. Comfort Systems USA, Inc. has a 1 year low of $670.19 and a 1 year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.53 earnings per share. Equities analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Institutional Trading of Comfort Systems USA

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth approximately $28,000. Avalon Trust Co acquired a new position in Comfort Systems USA during the second quarter worth approximately $32,000. Field & Main Bank bought a new stake in Comfort Systems USA in the second quarter valued at approximately $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $33,000. 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.