Comfort Systems USA (NYSE:FIX) Shares Up 1%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares rose 1% during trading on Monday . The stock traded as high as $296.50 and last traded at $293.75. Approximately 43,495 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 347,882 shares. The stock had previously closed at $290.73.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent analyst reports. DA Davidson boosted 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. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. KeyCorp started coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a "sector weight" rating on the stock. Finally, UBS Group increased their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th.

Comfort Systems USA Trading Up 1.5 %

The company has a fifty day moving average of $297.34 and a 200-day moving average of $230.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The firm has a market capitalization of $10.53 billion, a PE ratio of 32.64 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.15 by $0.40. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.34%. Comfort Systems USA's dividend payout ratio (DPR) is currently 11.11%.

Insider Activity

In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares of the company's stock, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now directly owns 13,787 shares in the company, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 8,429 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,614 shares of company stock valued at $13,739,345. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently added to or reduced their stakes in FIX. Byrne Asset Management LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc increased its holdings in Comfort Systems USA by 2,410.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company's stock valued at $43,000 after buying an additional 241 shares during the period. Rise Advisors LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $44,000. VisionPoint Advisory Group LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter worth about $59,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $61,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.