Comfort Systems USA (NYSE:FIX) Trading Down 1.2%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares traded down 1.2% during mid-day trading on Tuesday . The stock traded as low as $317.70 and last traded at $328.48. 131,535 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 355,579 shares. The stock had previously closed at $332.49.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIX. UBS Group raised their price objective 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. DA Davidson lifted their price target 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. Finally, StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, May 9th.

Comfort Systems USA Price Performance

The firm has a market capitalization of $11.94 billion, a P/E ratio of 33.10 and a beta of 1.20. The company has a fifty 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 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 data 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. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. Comfort Systems USA's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. Sell-side analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced 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 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 yield of 0.36%. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA's payout ratio is presently 11.88%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 7th. The shares were 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 of the company's stock, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $2,351,269.55. Following the completion of 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 available through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,114 shares of company stock worth $14,946,495. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently bought and sold shares of FIX. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth $25,000. Byrne Asset Management LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $44,000. VisionPoint Advisory Group LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $59,000. Finally, GAMMA Investing LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $61,000. Institutional investors 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.