Comfort Systems USA (NYSE:FIX) Stock Price Down 1.3% on Insider Selling

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares dropped 1.3% during mid-day trading on Friday following insider selling activity. The stock traded as low as $342.33 and last traded at $342.33. Approximately 48,198 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 356,743 shares. The stock had previously closed at $346.91.

Specifically, CFO William George III sold 8,429 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,114 shares of company stock valued at $14,946,495. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FIX. UBS Group increased their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, DA Davidson increased their price target 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.

Comfort Systems USA Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The business has a 50 day simple moving average of $313.42 and a 200 day simple moving average of $245.94. The stock has a market cap of $12.32 billion, a PE ratio of 34.14 and a beta of 1.20.

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 for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $1.51 EPS. The business's revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.35%. Comfort Systems USA's dividend payout ratio is currently 9.90%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $44,000. VisionPoint Advisory Group LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $61,000. 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.