Comfort Systems USA (NYSE:FIX) Stock Price Up 0%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price rose 0% during trading on Thursday . The company traded as high as $305.48 and last traded at $302.01. Approximately 51,310 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 352,439 shares. The stock had previously closed at $301.94.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Trading Up 2.0 %

The stock has a market capitalization of $11.00 billion, a PE ratio of 30.49 and a beta of 1.20. The company has a 50 day simple moving average of $308.14 and a 200 day simple moving average of $238.37. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA's dividend payout ratio (DPR) is presently 9.90%.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares of the company's stock, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 in the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in Comfort Systems USA in the first quarter valued at about $25,000. Byrne Asset Management LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth about $44,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth about $59,000. Finally, GAMMA Investing LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $61,000. 96.51% of the stock is owned by hedge funds and other 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.