Comfort Systems USA, Inc. (NYSE:FIX) CAO Sells $964,460.50 in Stock

Key Points

• Julie Shaeff, the Chief Accounting Officer of Comfort Systems USA, sold 1,369 shares at an average price of $704.50, resulting in a total transaction of approximately $964,460.50.
• Comfort Systems USA's latest earnings report showed a quarterly revenue of $2.17 billion, surpassing analyst expectations of $1.97 billion, with earnings per share reaching $6.53.
• The company has increased its quarterly dividend from $0.45 to $0.50, reflecting a positive change and a current yield of 0.3%.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Comfort Systems USA Price Performance

FIX traded up $9.65 during trading on Monday, hitting $690.51. The company's stock had a trading volume of 69,010 shares, compared to its average volume of 470,685. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 35.50 and a beta of 1.49. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $733.24. The business's fifty day simple moving average is $578.99 and its 200 day simple moving average is $458.28. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.74 EPS. On average, equities research analysts forecast 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 will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given 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 is Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Archer Investment Corp lifted its stake in Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company's stock worth $145,000 after purchasing an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Comfort Systems USA by 12.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $107,000 after buying an additional 22 shares in the last quarter. Transce3nd LLC boosted its stake in Comfort Systems USA by 12.9% during the second quarter. Transce3nd LLC now owns 192 shares of the construction company's stock worth $104,000 after buying an additional 22 shares during the last quarter. Optimum Investment Advisors grew its holdings in Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company's stock valued at $1,602,000 after buying an additional 25 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in 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 buying an additional 27 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research analyst reports. DA Davidson lifted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group boosted their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate 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.