Comfort Systems USA (NYSE:FIX) Stock Price Up 1.7%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as $343.97 and last traded at $340.02. 96,976 shares were traded during trading, a decline of 73% from the average session volume of 356,210 shares. The stock had previously closed at $334.32.

Analysts Set New Price Targets

Several research firms have recently issued reports on FIX. 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. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, May 9th. Finally, UBS Group lifted their price target 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 1.4 %

The stock has a market cap of $12.11 billion, a PE ratio of 33.62 and a beta of 1.20. The business has a 50-day moving average of $314.06 and a 200 day moving average of $249.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data 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 firm 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%. The firm's quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. Equities research analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 0.35%. Comfort Systems USA's payout ratio is 11.88%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares of the company's stock, valued at approximately $6,307,486.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. Insiders sold 50,114 shares of company stock worth $14,946,495 in the last 90 days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Heritage Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $246,000. Raymond James & Associates lifted its stake in shares of Comfort Systems USA by 6.6% in the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company's stock valued at $13,366,000 after purchasing an additional 4,031 shares in the last quarter. State of Michigan Retirement System acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $1,194,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Comfort Systems USA by 131.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company's stock worth $1,007,000 after acquiring an additional 2,780 shares in the last quarter. 96.51% of the stock is 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.

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