Key Points
- CFO William George III sold 4,370 shares on Dec. 1 at an average price of $958.88 for about $4.19M, trimming his stake by 9.89% to 39,824 shares valued at roughly $38.19M, according to an SEC Form 4.
- Comfort Systems is trading near recent highs with a $33.5B market cap and a P/E of 40.2, recently raised its quarterly dividend to $0.60 (annualized $2.40, yield ~0.3%), and carries a consensus "Buy" rating with an average price target of $892.75 (UBS at $1,140).
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CFO William George III sold 4,370 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Comfort Systems USA Trading Up 1.5%
Shares of FIX stock opened at $949.87 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market cap of $33.50 billion, a P/E ratio of 40.21 and a beta of 1.64. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The firm's 50-day simple moving average is $898.41 and its 200-day simple moving average is $710.81.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. 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 business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.60 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.16%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 28th. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a "buy" rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $892.75.
Read Our Latest Research Report on Comfort Systems USA
Institutional Investors Weigh In On Comfort Systems USA
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock valued at $1,225,673,000 after buying an additional 21,847 shares in the last quarter. Invesco Ltd. boosted its position in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company's stock valued at $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company's stock worth $502,113,000 after purchasing an additional 46,773 shares during the period. AQR Capital Management LLC boosted its position in shares of Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company's stock valued at $678,475,000 after buying an additional 53,125 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after purchasing an additional 832,999 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.
Comfort Systems USA Company Profile
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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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