Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 4,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Franklin Myers also recently made the following trade(s):

• On Monday, August 10th, Franklin Myers sold 3,500 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,690.47, for a total transaction of $5,916,645.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $58.01 during trading hours on Wednesday, hitting $1,746.06. The stock had a trading volume of 314,479 shares, compared to its average volume of 454,990. The stock’s fifty day simple moving average is $1,800.41 and its 200 day simple moving average is $1,625.42. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 42.94 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $6.53 earnings per share. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 7.87%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC lifted its stake in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after purchasing an additional 5 shares during the last quarter. Coston McIsaac & Partners lifted its position in shares of Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after buying an additional 7 shares during the last quarter. Petra Financial Advisors Inc. boosted its stake in Comfort Systems USA by 0.7% in the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares in the last quarter. Carolina Wealth Advisors LLC grew its position in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Comfort Systems USA by 1.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after acquiring an additional 8 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIX. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. KeyCorp increased their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, UBS Group upped their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2,057.86.

About Comfort Systems USA

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.