Key Points
- Comfort Systems USA CAO Julie Shaeff sold 1,123 shares on May 11 at an average price of $2,000.37, totaling about $2.25 million. After the sale, she still held 12,624 shares, and the transaction reduced her ownership by 8.17%.
- The company recently beat earnings expectations by a wide margin, reporting $10.51 EPS versus the $6.81 consensus estimate, alongside revenue of $2.87 billion. Revenue rose 56.5% year over year, and the company posted strong profitability metrics.
- Comfort Systems USA also raised its quarterly dividend to $0.80 per share from $0.70, with payment scheduled for May 26. The company’s share price was near its 52-week high, and analysts currently rate the stock a moderate buy.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CAO Julie Shaeff sold 1,123 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Comfort Systems USA Price Performance
Shares of FIX opened at $2,028.74 on Tuesday. Comfort Systems USA, Inc. has a fifty-two week low of $446.77 and a fifty-two week high of $2,045.14. The firm's 50 day moving average price is $1,551.03 and its 200 day moving average price is $1,231.63. The company has a market cap of $71.41 billion, a P/E ratio of 58.53 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm earned $4.75 EPS. The firm's revenue for the quarter was up 56.5% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. This is an increase 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
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $25,000. Ameriflex Group Inc. boosted its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $28,000. Eastern Bank acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $31,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 96.51% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of 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. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,923.20.
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About Comfort Systems USA
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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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