Comfort Systems USA (NYSE:FIX) Insider Sells $21,890,831.92 in Stock

Key Points

• Insider sale: Director Brian Lane sold 11,113 shares on May 5 at an average of $1,969.84 for a total of $21,890,831.92, reducing his position by 6.45% to 161,089 shares (≈$317.3M).
• Strong results and payout bump: Shares rose ~2.2% to $2,010.22 after the company reported outsized Q results (EPS $10.51 vs. $6.81 est.; revenue $2.87B, +56.5% y/y) and raised the quarterly dividend to $0.80 from $0.70.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian Lane sold 11,113 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider owned 161,089 shares of the company's stock, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Comfort Systems USA Stock Up 2.2%

Shares of NYSE FIX traded up $42.98 during trading hours on Wednesday, hitting $2,010.22. 432,255 shares of the stock were exchanged, compared to its average volume of 429,125. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market cap of $70.76 billion, a PE ratio of 58.00 and a beta of 1.70. The firm has a fifty day moving average price of $1,507.75 and a 200-day moving average price of $1,199.25. Comfort Systems USA, Inc. has a 12 month low of $422.53 and a 12 month high of $2,018.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA's revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.75 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be paid a dividend of $0.80 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is presently 8.08%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a "buy" rating and a $2,001.00 price target on the stock. Wall Street Zen upgraded shares of Comfort Systems USA from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. DA Davidson upped their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,923.20.

Institutional Trading of Comfort Systems USA

Large investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $25,000. Ameriflex Group Inc. boosted its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at $28,000. CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $46,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $46,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

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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