Comfort Systems USA (NYSE:FIX) Trading 2.9% Higher

Shares of Comfort Systems USA, Inc. (NYSE:FIX) were up 2.9% during trading on Tuesday . The stock traded as high as $306.79 and last traded at $303.70. Approximately 44,926 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 346,304 shares. The stock had previously closed at $295.23.

Analysts Set New Price Targets

Several analysts have recently commented on FIX shares. UBS Group raised 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. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, DA Davidson raised their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The company’s fifty day simple moving average is $301.00 and its two-hundred day simple moving average is $232.96. The stock has a market capitalization of $11.01 billion, a PE ratio of 34.26 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. The business had revenue of $1.36 billion during 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%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.11%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 of the company’s stock, valued at $71,142,542.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 of the company’s stock, valued at $71,142,542.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds have recently modified their holdings of FIX. Baillie Gifford & Co. acquired a new stake in shares of Comfort Systems USA in the third quarter worth approximately $202,433,000. Westfield Capital Management Co. LP purchased a new stake in Comfort Systems USA during the fourth quarter worth approximately $87,733,000. Norges Bank purchased a new stake in Comfort Systems USA during the fourth quarter worth approximately $81,299,000. FMR LLC grew its stake in Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in Comfort Systems USA during the fourth quarter worth approximately $30,151,000. 96.51% of the stock is 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.