Comfort Systems USA (NYSE:FIX) Trading 1.2% Higher

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s share price was up 1.2% during trading on Wednesday . The stock traded as high as $319.69 and last traded at $312.26. Approximately 119,848 shares changed hands during trading, a decline of 65% from the average daily volume of 347,027 shares. The stock had previously closed at $308.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FIX shares. UBS Group boosted their target price 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. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. KeyCorp started coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company. Finally, DA Davidson lifted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th.

Comfort Systems USA Stock Performance

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 company has a 50 day simple moving average of $301.00 and a 200-day simple moving average of $232.96. The stock has a market cap of $11.01 billion, a P/E ratio of 34.26 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company's revenue was up 21.5% compared to the same quarter last year. On average, equities analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

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

Insider Activity

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 16,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company's stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,614 shares of company stock valued at $13,739,345. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System raised its position in Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company's stock valued at $1,724,000 after purchasing an additional 60 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock worth $368,000 after acquiring an additional 74 shares during the period. Sound View Wealth Advisors Group LLC grew its holdings in shares of Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company's stock worth $244,000 after acquiring an additional 75 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $25,000. Finally, State of Michigan Retirement System grew its holdings in shares of Comfort Systems USA by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,700 shares of the construction company's stock worth $2,764,000 after acquiring an additional 100 shares during the period. Institutional investors own 96.51% of the company's stock.

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.