Comfort Systems USA (NYSE:FIX) Stock Price Up 2.9%

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $306.79 and last traded at $303.70. 44,926 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 346,304 shares. The stock had previously closed at $295.23.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FIX. DA Davidson upped their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. KeyCorp initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They issued a "sector weight" rating for the company. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. 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 report on Thursday, February 15th.

Comfort Systems USA Stock Up 4.5 %

The company has a market capitalization of $11.01 billion, a PE ratio of 34.27 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $299.79 and a two-hundred day moving average of $232.43.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. Equities research analysts predict that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA's dividend payout ratio (DPR) is 11.11%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the transaction, the director now owns 43,741 shares in the company, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Comfort Systems USA

Several hedge funds have recently modified their holdings of the stock. Origin Asset Management LLP acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $207,000. Strategic Blueprint LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $225,000. PFG Investments LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $2,029,000. Edge Financial Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $350,000. Finally, Norden Group LLC raised its stake in shares of Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company's stock valued at $16,056,000 after acquiring an additional 46,480 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.