Short Interest in Comfort Systems USA, Inc. (NYSE:FIX) Rises By 13.9%

Comfort Systems USA, Inc. (NYSE:FIX) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,230,000 shares, an increase of 13.9% from the March 31st total of 1,080,000 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 364,700 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Trading Up 2.9 %

NYSE:FIX traded up $8.69 during trading hours on Monday, hitting $310.69. 447,971 shares of the company were exchanged, compared to its average volume of 356,245. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 30.76 and a beta of 1.19. Comfort Systems USA has a one year low of $144.45 and a one year high of $335.25. The company has a fifty day simple moving average of $304.49 and a 200 day simple moving average of $236.37. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.51 EPS. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s dividend payout ratio is presently 9.90%.

Insider Activity

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at approximately $4,135,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock valued at $13,739,345 in the last 90 days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its position in Comfort Systems USA by 6.6% during the fourth quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after buying an additional 4,031 shares during the period. State of Michigan Retirement System bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at $1,769,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $1,194,000. Raymond James Financial Services Advisors Inc. boosted its position in Comfort Systems USA by 131.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after purchasing an additional 2,780 shares during the period. Finally, FMR LLC lifted its position in shares of Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after acquiring an additional 216,200 shares in the last quarter. Institutional investors 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.