Comfort Systems USA (NYSE:FIX) CFO William George III Sells 4,370 Shares

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Comfort Systems USA Stock Up 0.7%

FIX traded up $6.14 during trading hours on Wednesday, hitting $941.92. 97,729 shares of the company’s stock were exchanged, compared to its average volume of 457,727. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 39.86 and a beta of 1.64. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The stock’s 50-day moving average is $895.24 and its two-hundred day moving average is $709.13. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million for the quarter. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a $0.60 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 10.16%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares in the last quarter. Norges Bank acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $256,998,000. AQR Capital Management LLC increased its stake in Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after acquiring an additional 273,453 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth $74,634,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIX. UBS Group upped their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a research note on Friday, October 24th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, William Blair initiated coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $892.75.

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.