Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Pablo Mercado sold 500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company's stock, valued at approximately $5,339,340. The trade was a 14.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Comfort Systems USA Trading Up 1.7%
Shares of FIX opened at $1,870.95 on Friday. Comfort Systems USA, Inc. has a 1 year low of $420.88 and a 1 year high of $1,877.35. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $1,497.63 and a 200-day simple moving average of $1,186.36. The stock has a market cap of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same period in the prior year, the firm posted $4.75 EPS. Comfort Systems USA's quarterly revenue was up 56.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.42 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's payout ratio is currently 8.08%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% in the 4th 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 last quarter. State Street Corp lifted its holdings in Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock worth $1,333,367,000 after acquiring an additional 375,118 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Comfort Systems USA by 39.0% during 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 acquiring an additional 332,441 shares in the last quarter. Invesco Ltd. lifted its holdings in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company's stock worth $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 22.1% in the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company's stock valued at $951,883,000 after purchasing an additional 184,362 shares during the period. 96.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a report on Monday. DA Davidson increased their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 target price for the company. Stifel Nicolaus increased their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Finally, Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,923.20.
Get Our Latest Stock Analysis on Comfort Systems USA
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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