Key Points
- Director Darcy Anderson sold 4,500 shares at an average of $1,369.74 each (about $6.16M), cutting their stake by 19.97% to 18,035 shares valued around $24.7M.
- Comfort Systems reported a strong quarter — EPS $9.37 vs $6.75 expected and revenue $2.65B (up 41.7% YoY) — and carries a consensus "Buy" rating with a $1,573.67 target.
- The company raised its quarterly dividend to $0.70 (from $0.60) for a 0.2% yield, while the stock traded down about 3.9% to $1,295 midday.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) SVP Terrence Reed sold 671 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,457.17, for a total transaction of $977,761.07. Following the sale, the senior vice president owned 3,950 shares of the company's stock, valued at approximately $5,755,821.50. The trade was a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Terrence Reed also recently made the following trade(s):
- On Tuesday, March 3rd, Terrence Reed sold 1,116 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28.
Comfort Systems USA Trading Down 2.1%
NYSE:FIX traded down $28.80 during trading hours on Friday, hitting $1,319.42. The company had a trading volume of 184,596 shares, compared to its average volume of 435,290. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a 50-day moving average price of $1,193.03 and a 200 day moving average price of $976.48. The company has a market capitalization of $46.40 billion, a PE ratio of 45.65 and a beta of 1.63. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts' consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $4.09 EPS. The company's revenue was up 41.7% compared to the same quarter last year. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be paid 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 is Friday, March 6th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's dividend payout ratio (DPR) is 8.30%.
Institutional Trading of Comfort Systems USA
Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Client Services LLC increased its stake in shares of Comfort Systems USA by 624.4% during the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company's stock worth $2,254,000 after purchasing an additional 2,354 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company's stock worth $8,863,000 after buying an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 19.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company's stock valued at $12,474,000 after purchasing an additional 2,461 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $2,392,000. Finally, Calamos Advisors LLC bought a new position in shares of Comfort Systems USA during the third quarter worth about $1,527,000. 96.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. UBS Group reaffirmed a "buy" rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a research report on Monday, February 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of "Buy" and an average target price of $1,573.67.
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Comfort Systems USA Company Profile
(
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.
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