Comfort Systems USA, Inc. (NYSE:FIX) Director Sells $784,980.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares of the company’s stock, valued at $3,155,619.60. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Comfort Systems USA Price Performance

FIX stock opened at $440.42 on Friday. The company has a fifty day simple moving average of $355.28 and a two-hundred day simple moving average of $412.46. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $15.54 billion, a P/E ratio of 30.14 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $2.69 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.41%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is currently 10.80%.

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently bought and sold shares of FIX. Blueshift Asset Management LLC increased its position in Comfort Systems USA by 19.4% during the first quarter. Blueshift Asset Management LLC now owns 1,030 shares of the construction company’s stock valued at $332,000 after acquiring an additional 167 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Comfort Systems USA by 124.8% during the 1st quarter. Moors & Cabot Inc. now owns 1,659 shares of the construction company’s stock worth $535,000 after purchasing an additional 921 shares during the period. XTX Topco Ltd grew its holdings in Comfort Systems USA by 47.7% during the 1st quarter. XTX Topco Ltd now owns 1,549 shares of the construction company’s stock valued at $499,000 after purchasing an additional 500 shares during the last quarter. GSA Capital Partners LLP raised its position in Comfort Systems USA by 265.0% in the 1st quarter. GSA Capital Partners LLP now owns 5,358 shares of the construction company’s stock worth $1,727,000 after purchasing an additional 3,890 shares during the period. Finally, Fiera Capital Corp bought a new stake in Comfort Systems USA in the first quarter worth about $1,845,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on FIX shares. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research report on Monday, February 24th. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. DA Davidson upped their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus reduced their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $517.60.

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.