Comfort Systems USA (NYSE:FIX) Director Franklin Myers Sells 3,500 Shares of Stock

Key Points

• Director Franklin Myers sold 3,500 Comfort Systems USA shares at an average price of $1,690.47, generating $5.92 million; he retained 58,615 shares after the transaction. He also recently sold 4,000 shares and 6,700 shares in separate transactions.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• The company increased its quarterly dividend to $0.90 per share, while analysts maintain a consensus “Buy” rating and an average price target of $2,057.86.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Franklin Myers sold 3,500 shares of Comfort Systems USA stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1,690.47, for a total value of $5,916,645.00. Following the completion of the sale, the director directly owned 58,615 shares of the company's stock, valued at $99,086,899.05. The trade was a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Myers also recently made the following trade(s):

• On Tuesday, August 11th, Franklin Myers sold 4,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00.
• On Wednesday, June 24th, Franklin Myers sold 6,700 shares of Comfort Systems USA stock. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $58.01 on Wednesday, hitting $1,746.06. The stock had a trading volume of 314,479 shares, compared to its average volume of 454,990. The stock has a market cap of $61.44 billion, a price-to-earnings ratio of 42.94 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The business's 50-day simple moving average is $1,800.41 and its two-hundred day simple moving average is $1,625.42. Comfort Systems USA, Inc. has a 52-week low of $655.96 and a 52-week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA's dividend payout ratio (DPR) is presently 7.87%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIX. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. UBS Group boosted their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 target price on the stock. Finally, Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $2,057.86.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently bought and sold shares of FIX. Signature Equity Partners LLC grew its holdings in Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after buying an additional 5 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after buying an additional 7 shares in the last quarter. Petra Financial Advisors Inc. boosted its position in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock worth $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company's stock valued at $789,000 after acquiring an additional 8 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

About Comfort Systems USA

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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