Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 4,500 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director directly owned 68,983 shares in the company, valued at approximately $131,244,986.31. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Franklin Myers also recently made the following trade(s):

• On Wednesday, February 25th, Franklin Myers sold 8,636 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16.

Comfort Systems USA Trading Up 0.4%

Shares of NYSE:FIX opened at $1,950.66 on Friday. Comfort Systems USA, Inc. has a 12-month low of $430.79 and a 12-month high of $2,018.05. The company has a market capitalization of $68.66 billion, a PE ratio of 56.28 and a beta of 1.70. The business has a 50 day moving average of $1,529.16 and a two-hundred day moving average of $1,215.34. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the company posted $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s payout ratio is currently 8.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIX. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. UBS Group increased their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a 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 price target on the stock in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,923.20.

Hedge Funds Weigh In On Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Comfort Systems USA by 10.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,072 shares of the construction company’s stock worth $5,615,000 after acquiring an additional 383 shares during the period. Oslo Pensjonsforsikring AS acquired a new position in Comfort Systems USA during the first quarter worth $259,000. Baader Bank Aktiengesellschaft acquired a new position in Comfort Systems USA during the first quarter worth $1,914,000. Andra AP fonden raised its position in Comfort Systems USA by 79.7% during the first quarter. Andra AP fonden now owns 14,013 shares of the construction company’s stock worth $19,324,000 after acquiring an additional 6,213 shares during the period. Finally, Summit Global Investments acquired a new position in Comfort Systems USA during the first quarter worth $411,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

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.