Comfort Systems USA (NYSE:FIX) Trading 1.6% Higher

Comfort Systems USA, Inc. (NYSE:FIX) was up 1.6% during trading on Friday . The company traded as high as $317.93 and last traded at $312.58. Approximately 80,953 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 352,021 shares. The stock had previously closed at $307.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp began coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson upped their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, UBS Group lifted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Comfort Systems USA Stock Up 2.4 %

The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 31.19 and a beta of 1.20. The firm has a 50 day moving average of $308.87 and a 200 day moving average of $239.97. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.90%.

Insider Activity

In related news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO William George III sold 8,429 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now directly owns 11,038 shares of the company’s stock, valued at approximately $3,125,630.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,614 shares of company stock worth $13,739,345. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. Heritage Wealth Management LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $246,000. Raymond James & Associates grew its stake in shares of Comfort Systems USA by 6.6% in the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock worth $13,366,000 after acquiring an additional 4,031 shares in the last quarter. State of Michigan Retirement System purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Comfort Systems USA during the fourth quarter valued at about $1,194,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Comfort Systems USA by 131.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after purchasing an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.