Comfort Systems USA (NYSE:FIX) Stock Price Down 6.8% – Time to Sell?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price fell 6.8% on Monday . The company traded as low as $1,877.12 and last traded at $1,856.7070. 93,449 shares were traded during trading, a decline of 78% from the average session volume of 420,878 shares. The stock had previously closed at $1,992.74.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIX. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research note on Friday, April 24th. DA Davidson raised their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Stock Performance

The firm has a market capitalization of $64.31 billion, a P/E ratio of 52.72 and a beta of 1.70. The company has a 50-day moving average of $1,620.19 and a 200-day moving average of $1,275.29. 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 issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.75 earnings per share. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. The trade was a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 61,024 shares of company stock worth $99,678,386. Corporate insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors have recently modified their holdings of FIX. Ameriflex Group Inc. raised its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth $33,000. Farmers & Merchants Investments Inc. lifted its holdings in 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 purchasing an additional 9 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 10 shares in the last quarter. 96.51% of the stock is 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.