Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Insider Sells 15,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Comfort Systems USA Trading Up 1.3 %

Shares of FIX opened at $445.02 on Friday. The business’s 50-day moving average price is $398.73 and its 200-day moving average price is $347.84. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $474.62. The stock has a market cap of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. 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 (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the business posted $2.74 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors grew its holdings in shares of Comfort Systems USA by 26.6% during the first 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 in the last quarter. State Street Corp grew its holdings in shares of Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after purchasing an additional 6,496 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Comfort Systems USA by 56.4% during the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after purchasing an additional 240,466 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after purchasing an additional 8,578 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FIX shares. Stifel Nicolaus started coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $524.00 price objective on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.00.

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.