Comfort Systems USA (NYSE:FIX) Trading Down 2.7%

Comfort Systems USA, Inc. (NYSE:FIX)’s share price dropped 2.7% on Friday . The company traded as low as $314.99 and last traded at $316.19. Approximately 56,192 shares were traded during trading, a decline of 84% from the average daily volume of 359,616 shares. The stock had previously closed at $324.91.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of analyst reports. DA Davidson increased their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday, May 25th.

Comfort Systems USA Stock Down 3.4 %

The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $318.35 and its 200 day simple moving average is $270.39. The firm has a market capitalization of $11.21 billion, a PE ratio of 31.07 and a beta of 1.16.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.30 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 11.88%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the transaction, the director now owns 8,198 shares of the company’s stock, valued at $2,541,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the sale, the director now owns 8,198 shares of the company’s stock, valued at $2,541,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,961 shares of company stock valued at $2,622,664. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in FIX. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in Comfort Systems USA in the 1st quarter worth approximately $44,000. VisionPoint Advisory Group LLC bought a new stake in Comfort Systems USA in the 3rd quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $61,000. Institutional investors 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.