Comfort Systems USA, Inc. (NYSE:FIX) Director Vance W. Tang Sells 988 Shares

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director Vance W. Tang sold 988 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares of the company's stock, valued at approximately $3,832,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comfort Systems USA Trading Down 5.3 %

NYSE FIX traded down $18.06 on Thursday, reaching $321.50. The company had a trading volume of 489,549 shares, compared to its average volume of 361,900. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52 week low of $144.45 and a 52 week high of $352.45. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 31.77 and a beta of 1.20. The stock's 50 day moving average is $314.57 and its 200-day moving average is $250.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business's revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Equities analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.25. Comfort Systems USA's dividend payout ratio (DPR) is currently 11.88%.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Comfort Systems USA during the first quarter worth about $25,000. Byrne Asset Management LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA in the first quarter worth $44,000. VisionPoint Advisory Group LLC bought a new position in Comfort Systems USA in the third quarter valued at $59,000. Finally, GAMMA Investing LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $61,000. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Finally, StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, May 9th.

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.