Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) Chairman Franklin Myers sold 30,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $184.85, for a total value of $5,545,500.00. Following the completion of the transaction, the chairman now directly owns 120,065 shares in the company, valued at $22,194,015.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Comfort Systems USA Price Performance
FIX traded up $0.38 during trading on Friday, hitting $184.95. The company’s stock had a trading volume of 32,976 shares, compared to its average volume of 246,564. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Comfort Systems USA, Inc. has a twelve month low of $95.28 and a twelve month high of $187.88. The business’s fifty day simple moving average is $171.43 and its 200 day simple moving average is $153.51. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 27.26 and a beta of 1.19.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.64 by $0.29. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. Comfort Systems USA’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 7.51 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Thursday, August 17th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.20. Comfort Systems USA’s dividend payout ratio (DPR) is 13.29%.
Hedge Funds Weigh In On Comfort Systems USA
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Comfort Systems USA by 3.4% in the second quarter. BlackRock Inc. now owns 6,220,367 shares of the construction company’s stock valued at $1,021,384,000 after acquiring an additional 203,566 shares in the last quarter. Vanguard Group Inc. lifted its position in Comfort Systems USA by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock worth $379,399,000 after buying an additional 39,263 shares in the last quarter. Capital World Investors lifted its position 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 worth $208,011,000 after buying an additional 570,560 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Comfort Systems USA by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,797 shares of the construction company’s stock worth $152,002,000 after buying an additional 31,083 shares in the last quarter. Finally, State Street Corp lifted its position in Comfort Systems USA by 1.5% during the second quarter. State Street Corp now owns 1,241,335 shares of the construction company’s stock worth $203,827,000 after buying an additional 18,337 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on FIX. DA Davidson increased their price objective on Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 28th. StockNews.com began coverage on Comfort Systems USA in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, UBS Group began coverage on Comfort Systems USA in a report on Thursday, June 1st. They set a “neutral” rating and a $162.00 target price on the stock.
Read Our Latest Stock Report on Comfort Systems USA
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.
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