Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian Lane sold 16,024 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares of the company's stock, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Comfort Systems USA Stock Up 0.0%
Shares of FIX stock opened at $1,616.34 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The company's fifty day moving average price is $1,756.32 and its 200-day moving average price is $1,670.47. The company has a market capitalization of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business posted $6.53 EPS. Comfort Systems USA's revenue for the quarter was up 50.3% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA's dividend payout ratio is currently 8.85%.
Wall Street Analysts Forecast Growth
FIX has been the topic of several recent analyst reports. DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a "buy" rating and a $2,100.00 target price on the stock. Oppenheimer started coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 price target for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Friday, July 17th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price objective on the stock. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and an average target price of $2,082.86.
Check Out Our Latest Stock Report on Comfort Systems USA
Institutional Trading of Comfort Systems USA
A number of large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at $28,000. Avalon Trust Co purchased a new position in shares of Comfort Systems USA in the second quarter valued at $32,000. Field & Main Bank bought a new stake in Comfort Systems USA in the second quarter worth $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter worth $33,000. Institutional investors own 96.51% of the company's stock.
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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