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

Comfort Systems USA, Inc. (NYSE:FIX) Director Pablo Mercado sold 500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the transaction, the director directly owned 3,000 shares in the company, valued at approximately $5,339,340. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $30.70 during midday trading on Friday, hitting $1,870.95. The company’s stock had a trading volume of 315,928 shares, compared to its average volume of 429,321. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The company has a market cap of $65.86 billion, a price-to-earnings ratio of 53.98 and a beta of 1.60. Comfort Systems USA, Inc. has a 1-year low of $420.88 and a 1-year high of $1,877.35. The company has a 50-day moving average price of $1,497.63 and a two-hundred day moving average price of $1,186.36.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm earned $4.75 earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.42 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Glj Research started coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $1,923.20.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. NewEdge Advisors LLC boosted its holdings in shares of Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares in the last quarter. Focus Partners Wealth increased its holdings in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC raised its position in Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA during the second quarter valued at about $567,000. Finally, Sei Investments Co. boosted its stake in shares of Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 17,839 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.