Comfort Systems USA (NYSE:FIX) Stock Price Down 0%

Comfort Systems USA, Inc. (NYSE:FIXGet Free Report) was down 0% on Wednesday . The company traded as low as $335.39 and last traded at $338.78. Approximately 55,020 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 357,902 shares. The stock had previously closed at $338.83.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FIX shares. DA Davidson boosted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group boosted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th.

View Our Latest Stock Report on Comfort Systems USA

Comfort Systems USA Stock Performance

The stock has a 50-day simple moving average of $318.87 and a 200-day simple moving average of $259.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market cap of $12.07 billion, a PE ratio of 33.61 and a beta of 1.20.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.30 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the transaction, the director now owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders sold 27,288 shares of company stock valued at $8,643,074 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Capital World Investors raised its stake in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after buying an additional 451,852 shares in the last quarter. Invesco Ltd. raised its stake in Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock valued at $224,455,000 after buying an additional 50,001 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $202,433,000. Westfield Capital Management Co. LP grew its holdings in shares of Comfort Systems USA by 56.4% during the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after purchasing an additional 240,466 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after purchasing an additional 216,200 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

(Get Free Report)

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.

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