Comfort Systems USA (NYSE:FIX) Director Sells $13,094,949.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIXGet Free Report) Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, May 7th, Franklin Myers sold 4,500 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $159.73 during mid-day trading on Friday, reaching $1,857.84. The company’s stock had a trading volume of 1,410,925 shares, compared to its average volume of 443,864. The firm’s 50-day moving average is $1,861.82 and its two-hundred day moving average is $1,452.60. The company has a market cap of $65.40 billion, a P/E ratio of 53.60 and a beta of 1.65. Comfort Systems USA, Inc. has a 1-year low of $510.00 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIXGet Free Report) last issued its 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 business 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 firm’s revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.75 EPS. On average, research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Wall Street Analyst Weigh In

FIX has been the topic of several recent analyst reports. Erste Group Bank initiated coverage on Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,991.50.

View Our Latest Stock Analysis on Comfort Systems USA

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the stock. Prudential PLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $6,922,000. Ethic Inc. lifted its holdings in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after buying an additional 748 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after buying an additional 39,888 shares in the last quarter. Spire Wealth Management boosted its position in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its position in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Comfort Systems USA (NYSE:FIX)

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