Comfort Systems USA Inc. (NYSE:FIX) dropped 3.6% during trading on Tuesday . The company traded as low as $28.16 and last traded at $28.16, with a volume of 282,618 shares trading hands. The stock had previously closed at $29.21.

A number of research analysts recently issued reports on the stock. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, April 26th.

The stock’s 50-day moving average price is $30.80 and its 200-day moving average price is $30.56. The company has a market cap of $1.05 billion and a P/E ratio of 18.30.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Friday, July 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company earned $427.50 million during the quarter, compared to analysts’ expectations of $447.05 million. During the same period in the prior year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Comfort Systems USA Inc. will post $1.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Friday, August 12th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 10th.

In other Comfort Systems USA news, Director Franklin Myers purchased 2,500 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $28.47 per share, with a total value of $71,175.00. Following the completion of the purchase, the director now owns 182,500 shares of the company’s stock, valued at approximately $5,195,775. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Julie Shaeff sold 25,258 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $30.47, for a total transaction of $769,611.26. Following the transaction, the chief accounting officer now directly owns 45,545 shares in the company, valued at $1,387,756.15. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of the company. Morgan Stanley increased its position in Comfort Systems USA by 55.6% in the fourth quarter. Morgan Stanley now owns 450,622 shares of the company’s stock valued at $12,807,000 after buying an additional 161,044 shares during the period. Wells Fargo & Company MN increased its position in Comfort Systems USA by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 588,410 shares of the company’s stock valued at $16,723,000 after buying an additional 25,008 shares during the period. Trexquant Investment LP acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $1,336,000. Dimensional Fund Advisors LP increased its position in Comfort Systems USA by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,959,874 shares of the company’s stock valued at $55,700,000 after buying an additional 89,303 shares during the period. Finally, King Luther Capital Management Corp increased its position in Comfort Systems USA by 36.0% in the fourth quarter. King Luther Capital Management Corp now owns 322,255 shares of the company’s stock valued at $4,412,000 after buying an additional 85,225 shares during the period.

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. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.

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