Brian E. Lane Sells 15,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider now directly owns 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Comfort Systems USA Stock Down 0.7 %

Shares of NYSE:FIX opened at $435.86 on Friday. The firm has a market capitalization of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm’s 50-day moving average is $357.21 and its two-hundred day moving average is $412.61.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a $0.45 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $217,771,000. Norges Bank purchased a new position in Comfort Systems USA in the fourth quarter worth approximately $196,154,000. GAMMA Investing LLC grew its holdings in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock worth $81,974,000 after acquiring an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock valued at $98,985,000 after purchasing an additional 208,283 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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.