Comfort Systems USA, Inc. (NYSE:FIX) Director Constance Ellen Skidmore Sells 3,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the sale, the director now directly owns 24,722 shares in the company, valued at approximately $3,535,987.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Comfort Systems USA Stock Down 2.8 %

Shares of NYSE:FIX opened at $137.00 on Tuesday. The business’s 50-day moving average is $126.72 and its 200-day moving average is $117.13. Comfort Systems USA, Inc. has a 1 year low of $74.14 and a 1 year high of $152.13. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 20.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.09.

Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The construction company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.17. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Comfort Systems USA had a return on equity of 20.47% and a net margin of 5.94%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 6.35 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Friday, March 10th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, March 9th. Comfort Systems USA’s payout ratio is presently 10.26%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in Comfort Systems USA by 190.0% during the third quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock worth $42,000 after buying an additional 285 shares during the last quarter. BlackRock Inc. lifted its position in Comfort Systems USA by 0.6% in the 3rd quarter. BlackRock Inc. now owns 5,542,358 shares of the construction company’s stock valued at $539,438,000 after acquiring an additional 32,236 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Comfort Systems USA by 2.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 16,771 shares of the construction company’s stock valued at $1,966,000 after purchasing an additional 416 shares during the last quarter. AXA S.A. increased its holdings in Comfort Systems USA by 0.5% during the 3rd quarter. AXA S.A. now owns 59,325 shares of the construction company’s stock worth $5,775,000 after purchasing an additional 300 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Comfort Systems USA by 2.5% in the second quarter. Nordea Investment Management AB now owns 134,702 shares of the construction company’s stock worth $10,765,000 after purchasing an additional 3,346 shares during the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research reports. DA Davidson increased their target price on Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 24th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Friday, March 3rd.

Comfort Systems USA Company Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, and Electrical Services. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.