Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director William Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares of the company's stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Comfort Systems USA Stock Performance
Shares of FIX stock opened at $1,844.64 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $1,497.63 and a two-hundred day moving average of $1,186.36. Comfort Systems USA, Inc. has a 52 week low of $408.96 and a 52 week high of $1,855.43. The company has a market cap of $64.93 billion, a P/E ratio of 53.22 and a beta of 1.60.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business's revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.75 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. Comfort Systems USA's payout ratio is presently 8.08%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. UBS Group boosted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday. Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 price objective for the company. KeyCorp upgraded Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price objective for the company in a research report on Friday, April 24th. Finally, Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,923.20.
View Our Latest Stock Report on Comfort Systems USA
Institutional Investors Weigh In On Comfort Systems USA
A number of institutional investors have recently added to or reduced their stakes in FIX. Vanguard Group Inc. lifted its position in Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the period. Norges Bank acquired a new stake in Comfort Systems USA in the fourth quarter worth approximately $469,606,000. State Street Corp lifted its position in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the period. Geode Capital Management LLC lifted its position in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Comfort Systems USA by 37,987.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company's stock worth $289,349,000 after purchasing an additional 309,217 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.
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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