Comfort Systems USA (NYSE:FIX) Shares Up 5.4%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price shot up 5.4% during mid-day trading on Monday . The stock traded as high as $333.93 and last traded at $332.18. 121,749 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 352,624 shares. The stock had previously closed at $315.03.

Wall Street Analyst Weigh In

FIX has been the topic of several research reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson boosted 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 raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Comfort Systems USA Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The business’s 50 day moving average price is $311.99 and its 200-day moving average price is $243.89. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 34.27 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company earned $1.51 EPS. Comfort Systems USA’s revenue was up 30.8% on a year-over-year basis. Equities analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a $0.30 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, May 10th. Comfort Systems USA’s payout ratio is presently 11.88%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction dated 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 sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 over the last quarter. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Comfort Systems USA by 18.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company’s stock worth $1,265,000 after buying an additional 1,175 shares during the last quarter. Advisor Partners II LLC grew its stake in Comfort Systems USA by 73.6% during the third quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company’s stock worth $568,000 after buying an additional 1,414 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Comfort Systems USA in the third quarter valued at about $930,000. Portside Wealth Group LLC boosted its position in Comfort Systems USA by 3.6% in the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock valued at $368,000 after buying an additional 74 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Comfort Systems USA by 99.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company’s stock valued at $14,208,000 after acquiring an additional 41,527 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.