Comfort Systems USA (NYSE:FIX) Stock Price Up 1%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price rose 1% during trading on Thursday . The company traded as high as $303.63 and last traded at $302.76. Approximately 33,363 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 347,183 shares. The stock had previously closed at $299.64.

Wall Street Analyst Weigh In

FIX has been the subject of a number of research reports. KeyCorp assumed coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th.

Comfort Systems USA Price Performance

The business has a 50 day simple moving average of $295.24 and a 200-day simple moving average of $228.33. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.52 billion, a P/E ratio of 33.64 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.40. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Comfort Systems USA’s dividend payout ratio is 11.11%.

Insider Activity

In other news, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 in the last 90 days. Company insiders own 2.48% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new position in Comfort Systems USA in the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Comfort Systems USA in the first quarter worth approximately $44,000. Point72 Asset Management L.P. acquired a new position in Comfort Systems USA in the second quarter worth approximately $35,000. AdvisorNet Financial Inc increased its holdings in Comfort Systems USA by 2,410.0% in the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after buying an additional 241 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Comfort Systems USA in the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.