Comfort Systems USA (NYSE:FIX) Shares Down 5%

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) dropped 5% on Tuesday . The company traded as low as $305.00 and last traded at $306.00. Approximately 126,733 shares changed hands during trading, a decline of 64% from the average daily volume of 351,530 shares. The stock had previously closed at $322.13.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. UBS Group boosted their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. KeyCorp initiated coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th.

Comfort Systems USA Stock Down 5.0 %

The business has a 50 day simple moving average of $284.10 and a 200 day simple moving average of $222.17. 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 stock has a market cap of $10.92 billion, a PE ratio of 34.01 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released 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. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm's revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Comfort Systems USA's dividend payout ratio (DPR) is presently 11.11%.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 8,429 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction 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 filing with the SEC, which is accessible through this hyperlink. In related news, insider Brian E. Lane sold 16,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now owns 227,926 shares of the company's stock, valued at approximately $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 8,429 shares of the business's 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 transaction, the chief financial officer now directly owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,614 shares of company stock worth $13,739,345. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth about $44,000. Kapitalo Investimentos Ltda acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $266,000. HighPoint Advisor Group LLC acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $434,000. Hennessy Advisors Inc. acquired a new position in Comfort Systems USA in the 4th quarter valued at approximately $30,151,000. Finally, Congress Asset Management Co. MA raised its holdings in Comfort Systems USA by 3.3% in the 4th quarter. Congress Asset Management Co. MA now owns 262,434 shares of the construction company's stock valued at $53,975,000 after acquiring an additional 8,331 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Company Profile

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.