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

Comfort Systems USA, Inc. (NYSE:FIX) Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $187.66, for a total value of $562,980.00. Following the completion of the transaction, the director now owns 19,787 shares of the company’s stock, valued at $3,713,228.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comfort Systems USA Stock Up 0.7 %

Shares of NYSE:FIX opened at $188.13 on Tuesday. The firm has a market cap of $6.73 billion, a P/E ratio of 27.79 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.12. Comfort Systems USA, Inc. has a 12-month low of $95.28 and a 12-month high of $189.82. The business has a fifty day simple moving average of $174.80 and a 200 day simple moving average of $156.90.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Wednesday, July 26th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.29. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.22 billion. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. Comfort Systems USA’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Analysts predict that Comfort Systems USA, Inc. will post 7.51 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.225 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Wednesday, August 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 13.29%.

Institutional Trading of Comfort Systems USA

A number of large investors have recently bought and sold shares of FIX. Capital World Investors grew its holdings in Comfort Systems USA by 32.3% during the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Alliancebernstein L.P. grew its holdings in Comfort Systems USA by 417.5% during the 4th quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock worth $61,501,000 after acquiring an additional 431,146 shares during the period. Norges Bank acquired a new stake in Comfort Systems USA during the 4th quarter worth about $49,490,000. Envestnet Asset Management Inc. grew its holdings in Comfort Systems USA by 215.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 310,719 shares of the construction company’s stock worth $13,909,000 after acquiring an additional 212,127 shares during the period. Finally, BlackRock Inc. grew its holdings in Comfort Systems USA by 3.4% during the 2nd quarter. BlackRock Inc. now owns 6,220,367 shares of the construction company’s stock worth $1,021,384,000 after acquiring an additional 203,566 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson increased their price target on Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 28th. 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 target for the company. Finally, StockNews.com began coverage on Comfort Systems USA in a research report on Thursday, August 17th. They set a “buy” rating for the company.

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.