Comfort Systems USA (NYSE:FIX) Insider Brian Lane Sells 16,024 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian Lane sold 16,024 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,616.34 on Friday. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99. The company has a market capitalization of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.69. The firm has a 50 day moving average of $1,756.32 and a 200 day moving average of $1,670.47. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the firm posted $6.53 EPS. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds have recently modified their holdings of the business. Corient Private Wealth LP lifted its position in Comfort Systems USA by 62.8% during the second quarter. Corient Private Wealth LP now owns 9,134 shares of the construction company’s stock valued at $18,103,000 after purchasing an additional 3,522 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Comfort Systems USA during the second quarter valued at about $490,000. Amundi increased its position in Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after buying an additional 156,069 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Comfort Systems USA in the second quarter worth about $67,101,000. Finally, California State Teachers Retirement System raised its stake in shares of Comfort Systems USA by 189,725.5% in the second quarter. California State Teachers Retirement System now owns 103,029,689 shares of the construction company’s stock worth $204,199,692,000 after buying an additional 102,975,413 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FIX. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday, July 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $2,082.86.

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.