Comfort Systems USA (NYSE:FIX) CFO Sells $12,914,730.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III sold 9,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the sale, the chief financial officer owned 37,824 shares in the company, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

William George III also recently made the following trade(s):

• On Monday, December 1st, William George III sold 4,370 shares of Comfort Systems USA stock. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60.

Comfort Systems USA Stock Performance

FIX stock traded up $34.48 during trading on Tuesday, hitting $1,448.05. 127,815 shares of the company’s stock traded hands, compared to its average volume of 428,317. The stock has a market capitalization of $50.93 billion, a price-to-earnings ratio of 50.09 and a beta of 1.67. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,476.94. The stock has a fifty day moving average price of $1,116.07 and a two-hundred day moving average price of $939.47. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be paid a $0.70 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA’s payout ratio is presently 8.30%.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,573.67.

Institutional Trading of Comfort Systems USA

Institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA during the third quarter worth about $25,000. Ameriflex Group Inc. increased its stake in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. Finally, Eastern Bank bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $31,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.