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 firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,405.00, for a total transaction of $702,500.00. Following the completion of the sale, the director owned 3,500 shares of the company’s stock, valued at $4,917,500. The trade was a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Comfort Systems USA Price Performance

FIX stock opened at $1,469.37 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The company’s 50-day moving average is $1,126.11 and its 200-day moving average is $944.94. The stock has a market capitalization of $51.68 billion, a PE ratio of 50.84 and a beta of 1.67. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,480.97.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.70 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.30%.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. UBS Group restated 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. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research note on Monday. Finally, DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,573.67.

Institutional Trading of Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA in the third quarter valued at approximately $25,000. Ameriflex Group Inc. grew its holdings in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the fourth quarter worth $28,000. Finally, Eastern Bank purchased a new stake in Comfort Systems USA in the third quarter worth $31,000. Hedge funds and other institutional investors 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.