Comfort Systems USA, Inc. (NYSE:FIX) COO Sells $1,939,240.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX) COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Comfort Systems USA Stock Down 0.2 %

Shares of NYSE FIX traded down $1.12 during midday trading on Monday, hitting $489.94. The company’s stock had a trading volume of 26,703 shares, compared to its average volume of 381,688. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 37.57 and a beta of 1.13. The business’s fifty day simple moving average is $413.47 and its two-hundred day simple moving average is $353.62. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $496.71.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $2.74 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio is 10.71%.

Hedge Funds Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $41,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Comfort Systems USA in the third quarter valued at $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 price objective on the stock. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus initiated coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

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.