Key Points
- CFO William George III sold 9,000 shares on Feb. 23 at an average price of $1,434.97 for proceeds of $12.914M, cutting his holdings by 19.22% to 37,824 shares (valued ~ $54.28M).
- Comfort Systems beat quarterly expectations, reporting $9.37 EPS vs. $6.75 estimated and $2.65B in revenue (up 41.7% year-over-year) with a 48.52% return on equity.
- The company raised its quarterly dividend to $0.70 (from $0.60), payable March 17 with an ex-dividend date of March 6, implying a $2.80 annualized payout and roughly a 0.2% yield.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Pablo Mercado sold 500 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,405.00, for a total value of $702,500.00. Following the completion of the sale, the director owned 3,500 shares in the company, valued at $4,917,500. This represents a 12.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Comfort Systems USA Price Performance
NYSE FIX opened at $1,469.37 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The company has a market cap of $51.68 billion, a PE ratio of 50.84 and a beta of 1.67. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,480.97. The firm's 50-day simple moving average is $1,126.11 and its two-hundred day simple moving average is $944.94.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company's revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the company earned $4.09 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's payout ratio is presently 8.30%.
Hedge Funds Weigh In On Comfort Systems USA
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. DGS Capital Management LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $326,000. Ketron Financial bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $314,000. Astoria Portfolio Advisors LLC. purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $476,000. Sunbelt Securities Inc. lifted its position in Comfort Systems USA by 14.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,798 shares of the construction company's stock valued at $1,678,000 after purchasing an additional 227 shares during the last quarter. Finally, Dorsey Wright & Associates grew its stake in Comfort Systems USA by 6.8% in the 4th quarter. Dorsey Wright & Associates now owns 8,485 shares of the construction company's stock worth $7,919,000 after buying an additional 539 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
FIX has been the subject of several recent research reports. Wall Street Zen cut Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday. Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, December 26th. UBS Group reiterated a "buy" rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,573.67.
Check Out Our Latest Research Report on Comfort Systems USA
About Comfort Systems USA
(
Get Free Report)
Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.
Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
