Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CFO William George III sold 2,554 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Comfort Systems USA Price Performance
Shares of Comfort Systems USA stock opened at $1,739.88 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $1,791.87 and a 200-day simple moving average of $1,647.66. The stock has a market capitalization of $61.23 billion, a price-to-earnings ratio of 42.79 and a beta of 1.69. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm's revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.53 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a $0.90 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is presently 8.85%.
Institutional Trading of Comfort Systems USA
Institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $1,308,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Comfort Systems USA during the second quarter worth $1,743,000. Glenview Trust Co acquired a new stake in shares of Comfort Systems USA during the second quarter worth $319,000. Empowered Funds LLC bought a new stake in Comfort Systems USA in the second quarter valued at about $57,223,000. Finally, United Capital Financial Advisors LLC bought a new stake in Comfort Systems USA in the second quarter valued at about $2,630,000. Institutional investors own 96.51% of the company's stock.
Analysts Set New Price Targets
FIX has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. KeyCorp lifted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Erste Group Bank downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,057.86.
Check Out Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Company Profile
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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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