Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 5,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director owned 82,901 shares in the company, valued at $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Comfort Systems USA Stock Up 0.2%

NYSE:FIX opened at $965.68 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $805.89 and its two-hundred day moving average is $622.52. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 40.88 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million for the quarter. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s payout ratio is currently 8.47%.

Analyst Ratings Changes

A number of research analysts have commented on FIX shares. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. DA Davidson set a $810.00 price target on Comfort Systems USA in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $819.20.

Institutional Trading of Comfort Systems USA

Several hedge funds have recently modified their holdings of FIX. GAMMA Investing LLC increased its holdings in Comfort Systems USA by 23.1% in the first quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock valued at $254,000 after buying an additional 148 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock valued at $824,000 after buying an additional 296 shares during the last quarter. KBC Group NV increased its holdings in Comfort Systems USA by 3.5% in the first quarter. KBC Group NV now owns 1,543 shares of the construction company’s stock valued at $497,000 after buying an additional 52 shares during the last quarter. WCM Investment Management LLC increased its holdings in Comfort Systems USA by 13.8% in the first quarter. WCM Investment Management LLC now owns 46,583 shares of the construction company’s stock valued at $15,098,000 after buying an additional 5,634 shares during the last quarter. Finally, Meritage Portfolio Management increased its holdings in Comfort Systems USA by 7.4% in the first quarter. Meritage Portfolio Management now owns 6,379 shares of the construction company’s stock valued at $2,056,000 after buying an additional 439 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.