Comfort Systems USA (NYSE:FIX) Stock Price Up 1.6%

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price was up 1.6% on Friday . The company traded as high as $317.93 and last traded at $312.58. Approximately 80,953 shares traded hands during trading, a decline of 77% from the average daily volume of 352,021 shares. The stock had previously closed at $307.71.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. UBS Group upped their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. KeyCorp initiated coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

Comfort Systems USA Stock Up 2.4 %

The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The firm has a market cap of $11.25 billion, a PE ratio of 31.19 and a beta of 1.20. The company’s 50 day moving average price is $308.87 and its two-hundred day moving average price is $239.97.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.30 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, May 10th. Comfort Systems USA’s dividend payout ratio is presently 9.90%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of the firm’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 $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the transaction, the director now owns 43,741 shares in the company, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,614 shares of company stock worth $13,739,345. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in Comfort Systems USA by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after buying an additional 50,001 shares during the period. Baillie Gifford & Co. purchased a new position in Comfort Systems USA during the third quarter valued at approximately $202,433,000. FMR LLC raised its stake in Comfort Systems USA by 61.0% in the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comfort Systems USA by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock worth $81,244,000 after buying an additional 112,185 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in Comfort Systems USA during the 4th quarter valued at $87,733,000. 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.