Comfort Systems USA (NYSE:FIX) Director Sells $13,094,949.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Franklin Myers also recently made the following trade(s):

• On Thursday, May 7th, Franklin Myers sold 4,500 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,857.84 on Monday. The firm’s 50 day simple moving average is $1,865.99 and its 200 day simple moving average is $1,458.73. Comfort Systems USA, Inc. has a fifty-two week low of $510.00 and a fifty-two week high of $2,073.99. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 53.60 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company earned $4.75 earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the stock. Signature Equity Partners LLC raised its stake in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares during the period. Coston McIsaac & Partners boosted its position in shares of Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after buying an additional 7 shares during the period. Petra Financial Advisors Inc. boosted its position in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after buying an additional 7 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after buying an additional 8 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Comfort Systems USA by 1.3% during the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after buying an additional 8 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating for the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Glj Research assumed coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.