Comfort Systems USA (NYSE:FIX) Trading 0.2% Higher

Comfort Systems USA, Inc. (NYSE:FIXGet Free Report) was up 0.2% during mid-day trading on Thursday . The stock traded as high as $341.69 and last traded at $338.59. Approximately 29,515 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 356,972 shares. The stock had previously closed at $337.90.

Analysts Set New Price Targets

A number of analysts have commented on FIX shares. DA Davidson boosted their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. UBS Group boosted 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 report on Thursday, February 15th. Finally, StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th.

Check Out Our Latest Stock Analysis on Comfort Systems USA

Comfort Systems USA Stock Down 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 stock has a market capitalization of $11.69 billion, a PE ratio of 32.41 and a beta of 1.20. The stock’s fifty day simple moving average is $319.69 and its 200-day simple moving average is $261.89.

Comfort Systems USA (NYSE:FIXGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 earnings per share. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a $0.30 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 0.37%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s payout ratio is currently 11.88%.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the sale, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 3,800 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the completion of the sale, the director now owns 43,741 shares in the company, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders sold a total of 11,288 shares of company stock valued at $3,648,994 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds and other institutional investors have recently modified their holdings of FIX. EULAV Asset Management boosted its holdings in Comfort Systems USA by 7.3% in the 1st quarter. EULAV Asset Management now owns 80,604 shares of the construction company’s stock worth $25,609,000 after buying an additional 5,504 shares during the period. Cetera Advisors LLC purchased a new position in shares of Comfort Systems USA in the first quarter valued at $971,000. Cetera Investment Advisers raised its stake in shares of Comfort Systems USA by 75.5% during the 1st quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 2,633 shares during the period. Atria Investments Inc bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at $1,192,000. Finally, Swedbank AB purchased a new stake in Comfort Systems USA during the 1st quarter worth about $31,771,000. Institutional investors 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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