Comfort Systems USA (NYSE:FIX) Shares Down 0%

Comfort Systems USA, Inc. (NYSE:FIX) traded down 0% during mid-day trading on Friday . The company traded as low as $305.36 and last traded at $311.34. 179,616 shares changed hands during trading, a decline of 48% from the average session volume of 348,763 shares. The stock had previously closed at $311.40.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. UBS Group boosted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. DA Davidson upped their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

Comfort Systems USA Stock Performance

The business’s 50-day simple moving average is $303.25 and its two-hundred day simple moving average is $234.88. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 29.90 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 earnings per share. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s payout ratio is currently 9.90%.

Insider Transactions at Comfort Systems USA

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the sale, the director now directly owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its stake in Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock valued at $1,724,000 after acquiring an additional 60 shares in the last quarter. Portside Wealth Group LLC grew its stake in Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock valued at $368,000 after acquiring an additional 74 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake in Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock valued at $244,000 after acquiring an additional 75 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Comfort Systems USA during the 1st quarter valued at about $25,000. Finally, Freedom Day Solutions LLC grew its stake in Comfort Systems USA by 1.2% during the 1st quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company’s stock valued at $2,717,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

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.