Comfort Systems USA (NYSE:FIX) Director Sells $6,163,830.00 in Stock

Key Points

• Director Darcy Anderson sold 4,500 shares on March 3 at an average of $1,369.74 for a total of $6,163,830, leaving him with 18,035 shares (a 19.97% reduction in his ownership, valued at about $24.7M).
• Shares dropped about 7.2% (down $103.57 to $1,326.81) on the session, with FIX trading at a market cap of $46.66B, a P/E of 45.91 and a 12‑month range of $276.44–$1,500.00.
• Underlying results remain strong: the company reported $9.37 EPS (vs. $6.75 consensus) and revenue up 41.7% YoY to $2.65B, and it raised the quarterly dividend to $0.70 ($2.80 annualized).

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Darcy Anderson sold 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares of the company's stock, valued at $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Comfort Systems USA Stock Down 7.2%

Comfort Systems USA stock traded down $103.57 during mid-day trading on Thursday, reaching $1,326.81. The company's stock had a trading volume of 403,835 shares, compared to its average volume of 440,401. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00. The business's 50 day simple moving average is $1,185.24 and its 200 day simple moving average is $973.90. The company has a market capitalization of $46.66 billion, a price-to-earnings ratio of 45.91 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts' consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $4.09 EPS. The company's quarterly revenue was up 41.7% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.30%.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently made changes to their positions in FIX. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth $25,000. Ameriflex Group Inc. raised its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Comfort Systems USA in the fourth quarter valued at about $28,000. Finally, Eastern Bank bought a new stake in shares of Comfort Systems USA during the third quarter worth about $31,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the topic of several analyst reports. DA Davidson upped their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. UBS Group reiterated a "buy" rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Wall Street Zen cut Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 3rd. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $1,573.67.

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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