Key Points
- Director Franklin Myers sold 6,700 shares of Comfort Systems USA on June 24 at an average price of $1,954.47, totaling about $13.1 million. After the sale, he still held 62,115 shares valued at roughly $121.4 million.
- The stock pulled back 7.9% and opened Friday at $1,857.84, though it remains near its 50-day moving average and well above its 200-day average. Comfort Systems USA has a market cap of about $65.4 billion and a 52-week range of $510.00 to $2,073.99.
- Fundamentals remain strong: the company recently reported quarterly EPS of $10.51, well above estimates, on revenue of $2.87 billion, up 56.5% year over year. It also raised its quarterly dividend to $0.80 per share from $0.70.
Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Franklin Myers also recently made the following trade(s):
- On Thursday, May 7th, Franklin Myers sold 4,500 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00.
Comfort Systems USA Trading Down 7.9%
Shares of Comfort Systems USA stock opened at $1,857.84 on Friday. The stock has a 50 day moving average of $1,865.99 and a 200 day moving average of $1,455.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market capitalization of $65.40 billion, a price-to-earnings ratio of 53.60 and a beta of 1.65. Comfort Systems USA, Inc. has a fifty-two week low of $510.00 and a fifty-two week high of $2,073.99.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating 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 company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 earnings per share. The company's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's dividend payout ratio is 9.23%.
Analyst Ratings Changes
FIX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. KeyCorp raised shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $1,991.50.
View Our Latest Stock Report on FIX
Institutional Investors Weigh In On Comfort Systems USA
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock worth $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. State Street Corp boosted its holdings in Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock valued at $1,333,367,000 after acquiring an additional 375,118 shares during the period. Geode Capital Management LLC grew its position in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock valued at $1,103,453,000 after acquiring an additional 332,441 shares in the last quarter. Invesco Ltd. grew its position in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company's stock valued at $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Comfort Systems USA by 22.1% during the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company's stock worth $951,883,000 after purchasing an additional 184,362 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.
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.
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