Comfort Systems USA (NYSE:FIX) Trading 1% Higher

Comfort Systems USA, Inc. (NYSE:FIX) shares shot up 1% during mid-day trading on Thursday . The stock traded as high as $303.63 and last traded at $302.76. 33,363 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 347,183 shares. The stock had previously closed at $299.64.

Analysts Set New Price Targets

FIX has been the subject of several analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. DA Davidson increased their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. UBS Group raised their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp started coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Comfort Systems USA Trading Down 0.5 %

The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 32.30 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The company’s fifty day moving average price is $297.34 and its 200-day moving average price is $229.64.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.40. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. Comfort Systems USA’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Darcy Anderson sold 3,800 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now owns 43,741 shares of the company’s stock, valued at $13,848,400.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. 2.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. lifted its holdings in Comfort Systems USA by 3.4% in the first quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock valued at $3,311,000 after acquiring an additional 1,224 shares during the period. Natixis Advisors L.P. grew its position in Comfort Systems USA by 8.2% during the first quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock valued at $1,558,000 after buying an additional 1,333 shares during the period. Bank of Montreal Can increased its holdings in Comfort Systems USA by 35.3% in the first quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock valued at $2,229,000 after buying an additional 6,454 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Comfort Systems USA by 54.7% in the first quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock worth $1,721,000 after acquiring an additional 6,837 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Comfort Systems USA by 6.5% during the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after acquiring an additional 5,394 shares in 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.