Comfort Systems USA (NYSE:FIX) Shares Gap Down – What’s Next?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price gapped down before the market opened on Friday . The stock had previously closed at $413.47, but opened at $389.95. Comfort Systems USA shares last traded at $369.10, with a volume of 205,001 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Comfort Systems USA Stock Down 10.4 %

The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 31.11 and a beta of 1.13. The business’s 50-day moving average is $371.25 and its 200-day moving average is $335.49.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.04. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $2.74 EPS. The company’s revenue was up 31.5% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 10.08%.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO William George III sold 5,845 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the transaction, the chief financial officer now owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FIX. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the 3rd quarter worth $38,000. V Square Quantitative Management LLC increased 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. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the second quarter worth about $41,000. Contravisory Investment Management Inc. raised its position in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Comfort Systems USA in the 1st quarter valued at about $65,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.