Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) COO T Mckenna Trent sold 14,185 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Comfort Systems USA Stock Up 3.8 %
Comfort Systems USA stock opened at $305.09 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $127.09 and a fifty-two week high of $306.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The firm’s 50-day simple moving average is $224.68 and its 200 day simple moving average is $196.96. The stock has a market cap of $10.89 billion, a PE ratio of 33.90 and a beta of 1.12.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.40. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. Comfort Systems USA’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 9.56 EPS for the current fiscal year.
Comfort Systems USA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Friday, March 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 11.11%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on FIX. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Monday. UBS Group boosted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. DA Davidson increased their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, KeyCorp started coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.
Get Our Latest Research Report on Comfort Systems USA
Hedge Funds Weigh In On Comfort Systems USA
Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. purchased a new position in Comfort Systems USA in the third quarter valued at about $202,433,000. Capital World Investors grew its holdings in Comfort Systems USA by 32.3% during the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after purchasing an additional 570,560 shares during the period. Alliancebernstein L.P. increased its position in Comfort Systems USA by 417.5% in the fourth quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock worth $61,501,000 after buying an additional 431,146 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at $49,490,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at $87,733,000. Institutional investors own 94.18% of the company’s stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
Further Reading
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