Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Director Sells 2,500 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Comfort Systems USA Stock Up 0.9 %

Shares of FIX traded up $3.85 during midday trading on Thursday, reaching $441.13. The stock had a trading volume of 104,552 shares, compared to its average volume of 383,976. Comfort Systems USA, Inc. has a 1-year low of $183.23 and a 1-year high of $443.90. The company’s fifty day simple moving average is $381.28 and its two-hundred day simple moving average is $340.98. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 33.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.18%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its position in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Comfort Systems USA during the 3rd quarter worth $138,987,000. Millennium Management LLC boosted its holdings in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after acquiring an additional 240,466 shares in the last quarter. Finally, Blackstone Inc. purchased a new stake in shares of Comfort Systems USA in the first quarter valued at about $41,302,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.