Comfort Systems USA (NYSE:FIX) Trading 1% Higher

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price traded up 1% during mid-day trading on Monday . The company traded as high as $296.50 and last traded at $293.75. 43,495 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 347,882 shares. The stock had previously closed at $290.73.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. DA Davidson boosted their price target on 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 initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, UBS Group boosted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th.

Comfort Systems USA Trading Up 4.5 %

The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 34.27 and a beta of 1.19. The business has a 50-day simple moving average of $299.79 and a two-hundred day simple moving average of $232.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07.

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

Comfort Systems USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,200 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the transaction, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Pablo G. Mercado sold 1,200 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the transaction, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 8,429 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last quarter. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Invesco Ltd. lifted its position in Comfort Systems USA by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock valued at $224,455,000 after acquiring an additional 50,001 shares in the last quarter. Baillie Gifford & Co. bought a new position in Comfort Systems USA in the 3rd quarter valued at about $202,433,000. FMR LLC increased its stake in Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after buying an additional 216,200 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Comfort Systems USA by 30.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after buying an additional 112,185 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Comfort Systems USA in the 4th quarter valued at about $87,733,000. 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.