Insider Selling: Comfort Systems USA (NYSE:FIX) Director Sells 1,500 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director William Sandbrook sold 1,500 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares of the company’s stock, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Comfort Systems USA Price Performance

NYSE:FIX traded up $120.50 during trading hours on Thursday, hitting $1,844.64. The company’s stock had a trading volume of 572,884 shares, compared to its average volume of 430,764. The business’s 50-day moving average is $1,488.24 and its two-hundred day moving average is $1,181.76. The company has a market capitalization of $64.93 billion, a PE ratio of 53.22 and a beta of 1.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $408.96 and a 52-week high of $1,855.43.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.75 earnings per share. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 39.28 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is 8.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FIX shares. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group upped their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Coston McIsaac & Partners boosted its position in shares of Comfort Systems USA by 3.0% in 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 in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Comfort Systems USA by 1.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after buying an additional 8 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Comfort Systems USA by 1.3% in the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after buying an additional 8 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after buying an additional 9 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

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.