Brian E. Lane Sells 10,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Key Points

• Insider Brian E. Lane sold 10,000 shares of Comfort Systems USA at an average price of $691.74, totaling approximately $6.92 million, reducing their ownership by 5.05%.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, exceeding expectations and demonstrating a 20.1% year-over-year revenue increase.
• The company announced a dividend increase from $0.45 to $0.50 per share, reflecting a 0.3% dividend yield and a payout ratio of 10.28%.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian E. Lane sold 10,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares in the company, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $20.63 during trading hours on Wednesday, reaching $697.98. 126,098 shares of the company were exchanged, compared to its average volume of 470,298. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.25. The stock's fifty day moving average is $567.76 and its two-hundred day moving average is $452.37. The company has a market cap of $24.62 billion, a price-to-earnings ratio of 35.89 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business earned $3.74 earnings per share. Comfort Systems USA's quarterly revenue was up 20.1% on a year-over-year basis. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. Comfort Systems USA's payout ratio is presently 9.25%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson upped their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $635.60.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently modified their holdings of FIX. Jones Financial Companies Lllp raised its stake in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after buying an additional 832,999 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA during the second quarter worth approximately $256,998,000. AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after buying an additional 273,453 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after buying an additional 239,692 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

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.