Key Points
- Insider sale: Brian Lane sold 7,158 shares at an average price of $947.98 (≈$6.79M), reducing his position by 3.81% to 180,888 shares valued at about $171.48M.
- Dividend hike: Comfort Systems USA raised its quarterly dividend from $0.50 to $0.60 (paid Nov. 24), a $2.40 annualized payout with a yield of 0.3% and a payout ratio of 10.16%.
- Valuation and sentiment: The stock trades near its 1‑year high with a market cap of $33.72B and a P/E of 40.47, is 96.51% institutionally owned, and carries an average analyst rating of "Buy" with an average target of $892.75.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares of the company's stock, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Comfort Systems USA Trading Up 1.2%
Shares of FIX stock opened at $955.96 on Wednesday. The firm's 50-day simple moving average is $878.69 and its 200-day simple moving average is $691.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The firm has a market cap of $33.72 billion, a P/E ratio of 40.47 and a beta of 1.55.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million during the quarter. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA's payout ratio is currently 10.16%.
Institutional Trading of Comfort Systems USA
A number of hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after purchasing an additional 832,999 shares in the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $256,998,000. AQR Capital Management LLC grew its position in Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after acquiring an additional 273,453 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after purchasing an additional 239,692 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at about $74,634,000. 96.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. UBS Group increased their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a "buy" rating in a research report on Monday, October 27th. DA Davidson set a $810.00 price target on Comfort Systems USA in a research note on Friday, October 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a report on Friday, October 24th. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $892.75.
View Our Latest Stock Analysis on FIX
About Comfort Systems USA
(
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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