Comfort Systems USA (NYSE:FIX) Director Herman Bulls Sells 2,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Herman Bulls sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Comfort Systems USA Trading Up 0.2%

FIX opened at $965.68 on Friday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 40.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The business has a fifty day moving average price of $805.89 and a 200 day moving average price of $622.52.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.47%.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wedmont Private Capital lifted its holdings in shares of Comfort Systems USA by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after purchasing an additional 18 shares during the last quarter. Archer Investment Corp raised its stake in Comfort Systems USA by 8.0% during the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $107,000 after acquiring an additional 22 shares during the last quarter. Transce3nd LLC lifted its position in Comfort Systems USA by 12.9% during the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after acquiring an additional 22 shares during the period. Finally, Optimum Investment Advisors grew its stake in shares of Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after purchasing an additional 25 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on FIX shares. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a report on Friday, October 24th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, William Blair initiated coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $819.20.

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.