Comfort Systems USA (NYSE:FIX) Stock Price Down 1.1%

Comfort Systems USA, Inc. (NYSE:FIX) shares traded down 1.1% during trading on Thursday . The company traded as low as $304.45 and last traded at $305.32. 121,804 shares changed hands during trading, a decline of 65% from the average session volume of 346,764 shares. The stock had previously closed at $308.69.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. DA Davidson increased their price target 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, February 28th. UBS Group increased their price target 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The company’s 50 day moving average price is $301.00 and its 200 day moving average price is $232.96. The firm has a market capitalization of $11.12 billion, a P/E ratio of 33.92 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. Comfort Systems USA’s revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.32%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.11%.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,200 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the sale, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Pablo G. Mercado sold 1,200 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the transaction, the director now owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock worth $13,739,345 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIX. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA during the 1st quarter worth about $25,000. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth about $26,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA during the 1st quarter worth about $44,000. VisionPoint Advisory Group LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth about $61,000. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.