Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Comfort Systems USA Trading Up 3.8 %
NYSE FIX opened at $305.09 on Friday. Comfort Systems USA, Inc. has a one year low of $127.09 and a one year high of $306.00. The company has a 50-day simple moving average of $224.68 and a 200-day simple moving average of $196.96. 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 has a market capitalization 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 posted its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. Comfort Systems USA’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.54 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 9.56 earnings per share for the current year.
Comfort Systems USA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, March 7th. Comfort Systems USA’s payout ratio is 11.11%.
Wall Street Analyst Weigh In
FIX has been the subject of several research analyst reports. DA Davidson boosted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp initiated coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Monday. Finally, 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.
Get Our Latest Research Report on FIX
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FIX. Citigroup Inc. lifted its stake in shares of Comfort Systems USA by 3.4% in the 1st quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock worth $3,311,000 after acquiring an additional 1,224 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Comfort Systems USA by 8.2% in the 1st quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock worth $1,558,000 after acquiring an additional 1,333 shares during the period. Bank of Montreal Can lifted its stake in shares of Comfort Systems USA by 35.3% in the 1st quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock worth $2,229,000 after acquiring an additional 6,454 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Comfort Systems USA by 54.7% in the 1st quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock worth $1,721,000 after acquiring an additional 6,837 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Comfort Systems USA by 6.5% in the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after acquiring an additional 5,394 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.
About Comfort Systems USA
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.
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