Comfort Systems USA (NYSE:FIX) Shares Up 0%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price was up 0% during mid-day trading on Thursday . The stock traded as high as $305.48 and last traded at $302.01. Approximately 51,310 shares traded hands during trading, a decline of 85% from the average daily volume of 352,439 shares. The stock had previously closed at $301.94.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson lifted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group lifted 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.

Comfort Systems USA Stock Up 1.4 %

The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $10.93 billion, a PE ratio of 29.90 and a beta of 1.20. The business’s 50-day simple moving average is $306.94 and its 200-day simple moving average is $237.88.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm posted $1.51 EPS. Comfort Systems USA’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.39%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.90%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction that occurred 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 directly owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now directly owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,614 shares of company stock valued at $13,739,345. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently made changes to their positions in FIX. V Square Quantitative Management LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at approximately $25,000. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA in the 4th quarter worth $26,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth $44,000. VisionPoint Advisory Group LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth $59,000. Finally, GAMMA Investing LLC purchased a new stake in Comfort Systems USA in the 4th quarter worth $61,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.