Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 710,800 shares, an increase of 11.7% from the March 15th total of 636,100 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 262,100 shares, the short-interest ratio is currently 2.7 days.
Insiders Place Their Bets
In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $143.03, for a total transaction of $429,090.00. Following the transaction, the director now owns 24,722 shares of the company’s stock, valued at $3,535,987.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the transaction, the director now owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the completion of the transaction, the director now directly owns 26,297 shares in the company, valued at approximately $3,865,659. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Institutional Trading of Comfort Systems USA
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $30,000. Brown Brothers Harriman & Co. grew its stake in shares of Comfort Systems USA by 2,814.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after purchasing an additional 394 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of Comfort Systems USA by 64.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock worth $38,000 after purchasing an additional 151 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Comfort Systems USA by 190.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock worth $42,000 after purchasing an additional 285 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Comfort Systems USA by 172.9% in the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after purchasing an additional 230 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors.
Comfort Systems USA Price Performance
Shares of FIX stock opened at $134.12 on Thursday. The firm has a market cap of $4.79 billion, a P/E ratio of 19.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.09. Comfort Systems USA has a 1-year low of $74.14 and a 1-year high of $152.13. The firm has a fifty day moving average of $136.34 and a two-hundred day moving average of $123.84.
Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.17. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. Comfort Systems USA’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. As a group, research analysts anticipate that Comfort Systems USA will post 6.35 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, March 9th. Comfort Systems USA’s payout ratio is 10.26%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on FIX shares. StockNews.com started coverage on shares of Comfort Systems USA in a report on Thursday, March 16th. They set a “buy” rating for the company. DA Davidson raised their price objective on shares of Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 24th.
About Comfort Systems USA
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.
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