Comfort Systems USA (NYSE:FIX) Director William Sandbrook Sells 700 Shares

Key Points

• Director William Sandbrook of Comfort Systems USA sold 700 shares at an average price of $708.55, resulting in a total transaction of approximately $495,985, reducing his stake by 5.32%.
• The company reported strong quarterly earnings, with $6.53 earnings per share, significantly exceeding analysts' estimates of $4.84, leading to a 20.1% increase in revenue year-over-year.
• Comfort Systems USA has increased its quarterly dividend from $0.45 to $0.50 per share, reflecting a commitment to returning value to shareholders.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director William Sandbrook sold 700 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $708.55, for a total transaction of $495,985.00. Following the transaction, the director owned 12,466 shares of the company's stock, valued at approximately $8,832,784.30. The trade was a 5.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $44.67 during trading hours on Wednesday, reaching $754.20. 592,616 shares of the stock were exchanged, compared to its average volume of 464,185. The stock has a market cap of $26.61 billion, a P/E ratio of 38.76 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $757.12. The firm's 50 day moving average is $645.75 and its 200 day moving average is $491.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the company posted $3.74 EPS. The business's revenue for the quarter was up 20.1% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Institutional Investors Weigh In On Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in the business. American Trust acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $209,000. Orion Porfolio Solutions LLC grew its stake in Comfort Systems USA by 1.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,965 shares of the construction company's stock valued at $6,416,000 after acquiring an additional 148 shares during the last quarter. Munro Partners acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $9,689,000. Thompson Davis & CO. Inc. grew its stake in Comfort Systems USA by 80.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,025 shares of the construction company's stock valued at $1,622,000 after acquiring an additional 1,351 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $505,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. 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. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson upped their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. 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. Finally, UBS Group upped their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $635.60.

About Comfort Systems USA

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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