Herman Bulls Sells 2,000 Shares of Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Herman Bulls sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. This represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Comfort Systems USA Trading Up 0.2%

Shares of Comfort Systems USA stock opened at $965.68 on Friday. The company has a market capitalization of $34.06 billion, a P/E ratio of 40.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company has a fifty day moving average of $805.89 and a 200 day moving average of $624.38. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 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, November 24th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIX. Jones Financial Companies Lllp lifted its holdings in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares during the last quarter. Norges Bank purchased a new stake in Comfort Systems USA in the 2nd quarter worth about $256,998,000. AQR Capital Management LLC raised its position in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares during the period. Finally, Nuveen LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth about $74,634,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on FIX. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a report on Friday, October 24th. Finally, William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $819.20.

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.