Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Director Sells $1,023,650.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Comfort Systems USA Price Performance

NYSE:FIX opened at $462.06 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $183.23 and a 12-month high of $462.06. The stock’s 50 day moving average price is $385.36 and its two-hundred day moving average price is $343.09. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 35.35 and a beta of 1.13.

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

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA during the first quarter worth $550,000. Comerica Bank boosted its holdings in Comfort Systems USA by 34.5% in the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after purchasing an additional 26,616 shares during the period. Cetera Advisors LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $971,000. Schwartz Investment Counsel Inc. bought a new position in shares of Comfort Systems USA during the third quarter worth approximately $1,327,000. Finally, Atria Investments Inc acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $1,192,000. 96.51% of the stock is currently owned by institutional investors.

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.