Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 4,000 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIXGet Free Report) Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, August 10th, Franklin Myers sold 3,500 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,690.47, for a total value of $5,916,645.00.
  • 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 Stock Up 3.4%

FIX stock opened at $1,746.06 on Thursday. The company’s 50 day moving average price is $1,798.29 and its 200 day moving average price is $1,629.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The firm has a market capitalization of $61.45 billion, a price-to-earnings ratio of 42.94 and a beta of 1.69.

Comfort Systems USA (NYSE:FIXGet Free Report) last issued its 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 net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the company earned $6.53 earnings per share. The firm’s revenue was up 50.3% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.85%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $2,057.86.

View Our Latest Report on Comfort Systems USA

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA during the second quarter worth about $6,734,037,000. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. Norges Bank purchased a new position in Comfort Systems USA during the 4th quarter worth approximately $469,606,000. State Street Corp grew its stake in Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after buying an additional 375,118 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after buying an additional 332,441 shares during the period. Institutional investors and hedge funds 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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