Franklin Myers Sells 3,500 Shares of Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 3,500 shares of Comfort Systems USA stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $1,690.47, for a total value of $5,916,645.00. Following the transaction, the director owned 58,615 shares in the company, valued at $99,086,899.05. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Franklin Myers also recently made the following trade(s):

• On Tuesday, August 11th, Franklin Myers sold 4,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,726.40 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $60.75 billion, a P/E ratio of 42.46 and a beta of 1.69. The company’s 50 day moving average price is $1,794.41 and its two-hundred day moving average price is $1,634.01. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.53 earnings per share. On average, analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 7.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIX. L2 Asset Management LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth about $1,008,000. Gallo Partners LP acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $3,863,000. Cibc World Market Inc. bought a new stake in Comfort Systems USA during the second quarter worth about $75,358,000. OMERS ADMINISTRATION Corp bought a new stake in Comfort Systems USA during the second quarter worth about $5,300,000. Finally, Osmosis Investment Management UK Ltd acquired a new position in Comfort Systems USA during the second quarter valued at approximately $7,690,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FIX shares. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Finally, Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2,057.86.

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.