Comfort Systems USA, Inc. (NYSE:FIX) Insider Brian E. Lane Sells 15,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $445.02 on Friday. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $474.62. 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 business has a fifty day simple moving average of $398.73 and a 200 day simple moving average of $347.84. The company has a market cap of $15.84 billion, a P/E ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is presently 9.18%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $524.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $376.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $38,000. V Square Quantitative Management LLC lifted its position in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after acquiring an additional 47 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Comfort Systems USA during the 2nd quarter valued at about $41,000. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $53,000. Institutional investors own 96.51% of the company’s stock.

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.