Terrence Reed Sells 1,116 Shares of Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) SVP Terrence Reed sold 1,116 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the transaction, the senior vice president owned 2,834 shares in the company, valued at approximately $3,960,033.22. This represents a 28.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Terrence Reed also recently made the following trade(s):

• On Tuesday, February 24th, Terrence Reed sold 671 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,457.17, for a total transaction of $977,761.07.

Comfort Systems USA Stock Down 7.2%

NYSE FIX traded down $103.57 during trading on Thursday, reaching $1,326.81. 403,835 shares of the company’s stock traded hands, compared to its average volume of 440,401. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a market cap of $46.66 billion, a price-to-earnings ratio of 45.91 and a beta of 1.63. The company’s 50 day simple moving average is $1,185.24 and its two-hundred day simple moving average is $973.90.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.09 EPS. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is presently 8.30%.

Institutional Trading of Comfort Systems USA

Institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. lifted its holdings in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the last quarter. Great Lakes Advisors LLC grew its position in Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after acquiring an additional 9 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the period. West Michigan Advisors LLC lifted its position in shares of Comfort Systems USA by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after purchasing an additional 10 shares in the last quarter. Finally, EWA LLC boosted its stake in shares of Comfort Systems USA by 2.7% in the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FIX shares. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson raised their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $1,573.67.

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.