Comfort Systems USA (NYSE:FIX) Director Rhoman Hardy Sells 342 Shares

Comfort Systems USA, Inc. (NYSE:FIX) Director Rhoman Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,857.34 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $65.38 billion, a price-to-earnings ratio of 53.59 and a beta of 1.70. The firm’s fifty day simple moving average is $1,684.30 and its 200 day simple moving average is $1,318.83. Comfort Systems USA, Inc. has a twelve month low of $465.05 and a twelve month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data 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. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.75 earnings per share. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently made changes to their positions in FIX. Glenmede Trust Co. NA raised its position in Comfort Systems USA by 26.9% during the first quarter. Glenmede Trust Co. NA now owns 424 shares of the construction company’s stock valued at $585,000 after acquiring an additional 90 shares in the last quarter. Groupama Asset Managment acquired a new position in Comfort Systems USA in the 1st quarter valued at $593,000. Argent Capital Management LLC grew its stake in Comfort Systems USA by 20.8% in the 1st quarter. Argent Capital Management LLC now owns 6,985 shares of the construction company’s stock valued at $9,632,000 after buying an additional 1,202 shares during the last quarter. Western Wealth Management LLC acquired a new position in Comfort Systems USA in the 1st quarter valued at $83,000. Finally, Edgestream Partners L.P. bought a new position in Comfort Systems USA during the first quarter worth $6,809,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. KeyCorp upgraded 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 research note on Friday, April 24th. Oppenheimer started coverage on Comfort Systems USA in a report on Thursday. They set an “outperform” rating and a $2,200.00 price target on the stock. Finally, UBS Group boosted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

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.