Insider Selling: Comfort Systems USA (NYSE:FIX) Director Sells 1,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Constance Ellen Skidmore sold 1,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,425.00, for a total value of $1,425,000.00. Following the transaction, the director owned 12,627 shares of the company’s stock, valued at approximately $17,993,475. This represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $38.87 during mid-day trading on Tuesday, hitting $1,452.44. The company had a trading volume of 227,932 shares, compared to its average volume of 430,944. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $51.08 billion, a price-to-earnings ratio of 50.23 and a beta of 1.67. The company’s fifty day moving average is $1,116.07 and its 200-day moving average is $939.47. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,476.94.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business earned $4.09 earnings per share. The firm’s revenue was up 41.7% on a year-over-year basis. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is currently 8.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, UBS Group reiterated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,573.67.

Institutional Trading of Comfort Systems USA

Hedge funds have recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA during the third quarter worth $25,000. Quent Capital LLC acquired a new stake in Comfort Systems USA in the third quarter valued at $25,000. Ameriflex Group Inc. increased its stake 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 buying an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $28,000. Finally, Eastern Bank acquired a new position in Comfort Systems USA during the third quarter worth about $31,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.