Comfort Systems USA (NYSE:FIX) CFO William George III Sells 2,554 Shares

Key Points

• CFO William George III sold 2,554 Comfort Systems USA shares at an average price of $1,859.65, generating approximately $4.75 million; his direct holdings fell 7.79% to 30,250 shares.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue of $3.27 billion rising 50.3% year over year.
• The company raised its quarterly dividend from $0.80 to $0.90 per share, while analysts maintained a consensus “Buy” rating with an average price target of $2,057.86.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CFO William George III sold 2,554 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Comfort Systems USA Price Performance

NYSE:FIX traded down $141.30 during mid-day trading on Tuesday, hitting $1,739.88. The company's stock had a trading volume of 475,586 shares, compared to its average volume of 453,674. The company has a market capitalization of $61.23 billion, a price-to-earnings ratio of 42.79 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The stock has a fifty day moving average of $1,793.64 and a 200-day moving average of $1,643.63.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company's quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.53 earnings per share. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA's dividend payout ratio is currently 8.85%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIX. Prudential PLC acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $6,922,000. Ethic Inc. raised its position in shares of Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock valued at $1,565,000 after acquiring an additional 748 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock valued at $53,383,000 after acquiring an additional 39,888 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Comfort Systems USA by 713.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company's stock worth $12,392,000 after purchasing an additional 11,645 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price on the stock. KeyCorp boosted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 price objective on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. Finally, Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,057.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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