Comfort Systems USA (NYSE:FIX) Director Pablo Mercado Sells 1,078 Shares

Key Points

• Pablo Mercado, a director at Comfort Systems USA, sold 1,078 shares at an average price of $695.88, reducing his holding by 14.23%.
• The company reported a quarterly EPS of $6.53, exceeding analysts' expectations of $4.84, and revenue increased by 20.1% year-over-year.
• Comfort Systems USA has increased its dividend from $0.45 to $0.50 per quarter, reflecting a positive change in its dividend policy.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Pablo Mercado sold 1,078 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the transaction, the director owned 6,500 shares of the company's stock, valued at $4,523,220. The trade was a 14.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $1.0910 during midday trading on Monday, reaching $690.5710. The stock had a trading volume of 219,000 shares, compared to its average volume of 468,860. The firm has a market capitalization of $24.36 billion, a PE ratio of 35.49 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average price is $598.23 and its 200 day moving average price is $466.92. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $3.74 EPS. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is 10.28%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Stifel Nicolaus upped their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group lifted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and a consensus price target of $635.60.

Hedge Funds Weigh In On Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its stake in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after buying an additional 832,999 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $256,998,000. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after acquiring an additional 273,453 shares during the period. GAMMA Investing LLC grew its position in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after acquiring an additional 253,677 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after purchasing an additional 239,692 shares during the period. Hedge funds and other 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.

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