Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High at $186.00

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $186.00 and last traded at $185.83, with a volume of 5704 shares changing hands. The stock had previously closed at $184.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson lifted their price target on Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 28th. StockNews.com began coverage on Comfort Systems USA in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, UBS Group began coverage on Comfort Systems USA in a research note on Thursday, June 1st. They issued a “neutral” rating and a $162.00 price objective on the stock.

Comfort Systems USA Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.01. The company has a 50-day simple moving average of $171.43 and a 200 day simple moving average of $153.51. The company has a market capitalization of $6.60 billion, a P/E ratio of 27.26 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.64 by $0.29. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Sell-side analysts expect that Comfort Systems USA, Inc. will post 7.51 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Thursday, August 17th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, August 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.49%. Comfort Systems USA’s payout ratio is currently 13.29%.

Insider Activity

In other news, insider Brian E. Lane sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $181.29, for a total transaction of $1,160,256.00. Following the sale, the insider now directly owns 277,526 shares in the company, valued at $50,312,688.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Brian E. Lane sold 6,400 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $181.29, for a total value of $1,160,256.00. Following the sale, the insider now owns 277,526 shares of the company’s stock, valued at approximately $50,312,688.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vance W. Tang sold 1,844 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $182.00, for a total value of $335,608.00. Following the completion of the sale, the director now directly owns 25,058 shares in the company, valued at approximately $4,560,556. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,244 shares of company stock worth $1,975,684. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in Comfort Systems USA in the 2nd quarter valued at $277,600,000. Osaic Holdings Inc. boosted its stake in Comfort Systems USA by 17.4% in the second quarter. Osaic Holdings Inc. now owns 14,635 shares of the construction company’s stock worth $2,403,000 after purchasing an additional 2,169 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Comfort Systems USA by 57.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 17,309 shares of the construction company’s stock worth $2,842,000 after purchasing an additional 6,328 shares in the last quarter. Legato Capital Management LLC boosted its stake in Comfort Systems USA by 10.5% in the second quarter. Legato Capital Management LLC now owns 15,496 shares of the construction company’s stock worth $2,544,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Comfort Systems USA by 14.0% in the second quarter. Wells Fargo & Company MN now owns 81,103 shares of the construction company’s stock worth $13,317,000 after purchasing an additional 9,937 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.