Comfort Systems USA (NYSE:FIX) Trading Up 0.7%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shot up 0.7% during trading on Tuesday . The company traded as high as $338.96 and last traded at $337.73. 78,527 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 353,854 shares. The stock had previously closed at $335.54.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. DA Davidson upped their target price 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. UBS Group raised their price target 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, KeyCorp initiated coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a "sector weight" rating for the company.

Comfort Systems USA Trading Up 2.5 %

The firm's 50-day simple moving average is $310.94 and its 200 day simple moving average is $243.17. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 34.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.35%. 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 other news, insider Brian E. Lane sold 16,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brian E. Lane sold 16,000 shares of the company'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 owns 227,926 shares of the company's stock, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred 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 sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,614 shares of company stock valued at $13,739,345. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in Comfort Systems USA during the 1st quarter valued at $25,000. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter worth about $44,000. VisionPoint Advisory Group LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at about $59,000. Finally, GAMMA Investing LLC acquired a new position in Comfort Systems USA during the 4th quarter valued at about $61,000. Institutional investors and hedge funds 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.