Franklin Myers Purchases 3,000 Shares of Comfort Systems USA, Inc. (FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Chairman Franklin Myers purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $40.23 per share, with a total value of $120,690.00. Following the completion of the acquisition, the chairman now directly owns 208,000 shares of the company’s stock, valued at $8,367,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Comfort Systems USA, Inc. (NYSE:FIX) traded up $0.45 during midday trading on Thursday, hitting $40.70. 407,600 shares of the company traded hands, compared to its average volume of 195,545. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20. Comfort Systems USA, Inc. has a twelve month low of $31.80 and a twelve month high of $44.67. The company has a market capitalization of $1,494.65, a PE ratio of 23.40, a PEG ratio of 2.25 and a beta of 1.31.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The business had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. sell-side analysts predict that Comfort Systems USA, Inc. will post 1.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Friday, November 10th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, November 9th. Comfort Systems USA’s payout ratio is presently 17.44%.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/11/16/franklin-myers-purchases-3000-shares-of-comfort-systems-usa-inc-fix-stock.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. California Public Employees Retirement System lifted its stake in shares of Comfort Systems USA by 4.7% in the first quarter. California Public Employees Retirement System now owns 33,400 shares of the construction company’s stock valued at $1,224,000 after buying an additional 1,500 shares during the period. Geode Capital Management LLC raised its position in Comfort Systems USA by 3.1% in the first quarter. Geode Capital Management LLC now owns 282,857 shares of the construction company’s stock worth $10,366,000 after purchasing an additional 8,402 shares in the last quarter. BlackRock Inc. raised its position in Comfort Systems USA by 63,201.2% in the first quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock worth $185,736,000 after purchasing an additional 5,059,889 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Comfort Systems USA by 11.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 223,873 shares of the construction company’s stock worth $8,205,000 after purchasing an additional 22,212 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Comfort Systems USA by 3.2% in the first quarter. Bank of America Corp DE now owns 353,000 shares of the construction company’s stock worth $12,937,000 after purchasing an additional 10,870 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. DA Davidson increased their target price on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Gilford Securities cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Comfort Systems USA currently has a consensus rating of “Hold” and an average price target of $63.00.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Insider Buying and Selling by Quarter for Comfort Systems USA (NYSE:FIX)

Receive News & Ratings for Comfort Systems USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply