Insider Selling: Comfort Systems USA (NYSE:FIX) Director Sells 3,500 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 3,500 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $1,690.47, for a total transaction of $5,916,645.00. Following the transaction, the director directly owned 58,615 shares of the company’s stock, valued at $99,086,899.05. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 11th, Franklin Myers sold 4,000 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded up $58.01 during mid-day trading on Wednesday, reaching $1,746.06. The stock had a trading volume of 314,479 shares, compared to its average volume of 454,990. The business’s 50 day moving average price is $1,800.41 and its 200 day moving average price is $1,625.42. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The company has a market cap of $61.44 billion, a P/E ratio of 42.94 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business posted $6.53 EPS. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is 7.87%.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently added to or reduced their stakes in FIX. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in shares of Comfort Systems USA in the second quarter worth approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $33,000. Carolina Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FIX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Oppenheimer assumed coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. UBS Group lifted their target price on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $2,057.86.

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.