Comfort Systems USA (NYSE:FIX) Trading Down 0.1%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $299.01 and last traded at $303.64. Approximately 221,134 shares changed hands during trading, a decline of 20% from the average daily volume of 275,456 shares. The stock had previously closed at $303.99.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

The company has a market cap of $10.71 billion, a price-to-earnings ratio of 33.33 and a beta of 1.19. The stock's fifty day simple moving average is $295.24 and its two-hundred day simple moving average is $228.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.40. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. Comfort Systems USA's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.54 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Dividend Announcement

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

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, 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 is accessible through this hyperlink. In related news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, 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 is accessible through this hyperlink. Also, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA 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 transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock worth $13,739,345 in the last quarter. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA during the 4th quarter worth $26,000. Point72 Asset Management L.P. purchased a new stake in Comfort Systems USA during the 2nd quarter worth $35,000. Brown Brothers Harriman & Co. increased its stake in Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company's stock worth $36,000 after buying an additional 394 shares during the period. Meeder Asset Management Inc. increased its stake in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company's stock worth $42,000 after buying an additional 230 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in Comfort Systems USA by 2,410.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company's stock worth $43,000 after buying an additional 241 shares during the period. 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.