Comfort Systems USA, Inc. (NYSE:FIX) CFO Sells $5,842,773.60 in Stock

Key Points

• William George III, CFO of Comfort Systems USA, sold 8,436 shares at an average price of $692.60, totaling over $5.84 million, reducing his position by 15.09% to 47,473 shares.
• Comfort Systems recently increased its quarterly dividend from $0.45 to $0.50 per share, demonstrating growth with a 20.1% year-over-year revenue increase to $2.17 billion.
• The company has seen positive analyst activity, with several upgrades, including target price increases from various firms, aiming as high as $810.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) CFO William George III sold 8,436 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Comfort Systems USA Stock Down 1.4%

Shares of FIX stock traded down $9.47 during trading hours on Friday, reaching $680.39. The company had a trading volume of 408,860 shares, compared to its average volume of 461,570. 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 twelve month low of $276.44 and a twelve month high of $733.24. The company has a market capitalization of $24.00 billion, a P/E ratio of 34.96 and a beta of 1.49. The stock's fifty day simple moving average is $578.99 and its 200 day simple moving average is $458.11.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its 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. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be 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 is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's payout ratio is 10.28%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research 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 report on Friday, July 11th. DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, UBS Group raised their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $635.60.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its stake in Comfort Systems USA by 13.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after purchasing an additional 296 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after acquiring an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Comfort Systems USA by 256.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds 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.