Comfort Systems USA (NYSE:FIX) Stock Price Down 5.9% After Insider Selling

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) fell 5.9% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $479.09 and last traded at $471.98. 81,296 shares changed hands during trading, a decline of 81% from the average session volume of 435,750 shares. The stock had previously closed at $501.33.

Specifically, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director now owns 26,535 shares of the company's stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FIX shares. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 34.13 and a beta of 1.51. The company's fifty day simple moving average is $418.63 and its two-hundred day simple moving average is $419.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The firm's revenue was up 19.1% compared to the same quarter last year. On average, analysts forecast 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 was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA's dividend payout ratio is 10.80%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in Comfort Systems USA by 15.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company's stock valued at $958,000 after acquiring an additional 300 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $1,149,000. Kestra Private Wealth Services LLC lifted its position in shares of Comfort Systems USA by 2.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,826 shares of the construction company's stock valued at $774,000 after purchasing an additional 43 shares in the last quarter. Savant Capital LLC boosted its holdings in Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after purchasing an additional 33 shares during the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in Comfort Systems USA in the 4th quarter worth about $643,000. 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.