Comfort Systems USA (NYSE:FIX) Director Pablo Mercado Sells 500 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo Mercado sold 500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total value of $889,890.00. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at $5,339,340. This trade represents a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Comfort Systems USA Stock Up 1.7%

FIX opened at $1,870.95 on Friday. Comfort Systems USA, Inc. has a one year low of $420.88 and a one year high of $1,877.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock’s fifty day moving average is $1,497.63 and its 200-day moving average is $1,186.36. The company has a market capitalization of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 EPS. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.42 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. Stockholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend 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 payout ratio is presently 8.08%.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Finally, KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research note on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. raised its holdings in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $28,000. Eastern Bank acquired a new position in Comfort Systems USA in the 3rd quarter valued at approximately $31,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

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.