Comfort Systems USA (NYSE:FIX) Shares Down 5.9% on Insider Selling

Comfort Systems USA, Inc. (NYSE:FIX) shares fell 5.9% on Tuesday after an insider sold shares in the company. The stock traded as low as $479.09 and last traded at $471.98. 81,296 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 435,750 shares. The stock had previously closed at $501.33.

Specifically, Director Darcy Anderson sold 8,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a report on Monday, February 24th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $525.80.

Comfort Systems USA Trading Up 1.7%

The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 33.95 and a beta of 1.51. The business’s fifty day moving average is $422.63 and its two-hundred day moving average is $420.07.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 EPS. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.36%. Comfort Systems USA’s dividend payout ratio is presently 10.80%.

Institutional Investors Weigh In On Comfort Systems USA

A number of large investors have recently bought and sold shares of FIX. Jones Financial Companies Lllp lifted its position in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $217,771,000. Norges Bank purchased a new position in Comfort Systems USA in the fourth quarter valued at about $196,154,000. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after buying an additional 273,453 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock valued at $81,974,000 after buying an additional 253,677 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

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.