Comfort Systems USA, Inc. (NYSE:FIX) Chairman Franklin Myers bought 3,000 shares of Comfort Systems USA stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $40.23 per share, for a total transaction of $120,690.00. Following the acquisition, the chairman now owns 208,000 shares in the company, valued at $8,367,840. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Comfort Systems USA, Inc. (NYSE:FIX) opened at $41.35 on Friday. The stock has a market capitalization of $1,511.36, a P/E ratio of 23.66, a P/E/G ratio of 2.28 and a beta of 1.31. Comfort Systems USA, Inc. has a 1-year low of $31.80 and a 1-year high of $44.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million for the quarter, compared to the consensus estimate of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. analysts forecast that Comfort Systems USA, Inc. will post 1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, November 9th. Comfort Systems USA’s payout ratio is currently 17.44%.
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FIX has been the topic of several recent research reports. Zacks Investment Research downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. DA Davidson raised their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Guggenheim downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Finally, Gilford Securities downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.00.
A number of institutional investors have recently made changes to their positions in the business. Dean Investment Associates LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $561,000. Cubist Systematic Strategies LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $248,000. Jane Street Group LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $269,000. Magnetar Financial LLC bought a new stake in Comfort Systems USA during the 3rd quarter valued at $202,000. Finally, Stifel Financial Corp raised its stake in Comfort Systems USA by 7.4% during the 3rd quarter. Stifel Financial Corp now owns 448,225 shares of the construction company’s stock valued at $15,988,000 after acquiring an additional 30,971 shares in the last quarter. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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