Pablo G. Mercado Sells 1,078 Shares of Comfort Systems USA (NYSE:FIX) Stock

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 G. Mercado sold 1,078 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Comfort Systems USA Trading Down 3.6%

NYSE:FIX traded down $26.13 during midday trading on Friday, hitting $703.88. The stock had a trading volume of 375,113 shares, compared to its average volume of 384,487. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. The stock has a 50-day moving average of $619.30 and a 200 day moving average of $476.08. 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 company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 36.17 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the firm posted $3.74 EPS. The firm's revenue was up 20.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is presently 10.28%.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth $27,000. Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the period. Colonial Trust Co SC raised its stake in shares of Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares during the period. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the 1st quarter worth $31,000. Finally, Versant Capital Management Inc increased its stake in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIX. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, UBS Group increased their target price on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $635.60.

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.