Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Director Sells 2,500 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $462.03 on Friday. The company has a market cap of $16.45 billion, a PE ratio of 35.35 and a beta of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week high of $462.06. The firm has a 50-day simple moving average of $385.36 and a 200 day simple moving average of $342.85. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.30%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Hedge Funds Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA during the second quarter worth approximately $41,000. Finally, Contravisory Investment Management Inc. grew its holdings in Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

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.