Comfort Systems USA (NYSE:FIX) Trading Down 0%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price fell 0% during trading on Friday . The stock traded as low as $305.36 and last traded at $311.34. 179,616 shares changed hands during trading, a decline of 48% from the average session volume of 348,763 shares. The stock had previously closed at $311.40.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. KeyCorp began coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. DA Davidson increased their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. UBS Group boosted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

Comfort Systems USA Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $302.17 and a two-hundred day moving average price of $233.51. The firm has a market cap of $10.78 billion, a P/E ratio of 34.59 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The business’s revenue was up 30.8% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s payout ratio is presently 11.11%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC raised its stake in Comfort Systems USA by 22.2% in the 3rd quarter. AE Wealth Management LLC now owns 1,714 shares of the construction company’s stock valued at $292,000 after acquiring an additional 311 shares during the period. SG Americas Securities LLC raised its position in shares of Comfort Systems USA by 437.0% in the third quarter. SG Americas Securities LLC now owns 10,902 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 8,872 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of Comfort Systems USA by 58.2% during the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 64,946 shares of the construction company’s stock worth $11,067,000 after buying an additional 23,899 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Comfort Systems USA by 14.9% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,887 shares of the construction company’s stock worth $322,000 after buying an additional 244 shares during the period. Finally, Redwood Investments LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $13,801,000. 96.51% of the stock is currently owned by institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.