Short Interest in Comfort Systems USA, Inc. (NYSE:FIX) Declines By 46.6%

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 592,600 shares, a decrease of 46.6% from the May 15th total of 1,110,000 shares. Based on an average daily trading volume, of 460,800 shares, the short-interest ratio is currently 1.3 days. Approximately 1.7% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FIX shares. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Stock Down 1.7%

Shares of NYSE FIX traded down $8.65 on Friday, reaching $492.60. 335,630 shares of the company's stock traded hands, compared to its average volume of 437,857. Comfort Systems USA has a 12 month low of $272.93 and a 12 month high of $553.09. The business's 50 day simple moving average is $430.04 and its two-hundred day simple moving average is $419.57. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 33.72 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The business's revenue for the quarter was up 19.1% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.37%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now directly owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 over the last three months. Company insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. Empowered Funds LLC purchased a new stake in Comfort Systems USA in the fourth quarter worth approximately $1,149,000. Kestra Investment Management LLC boosted its holdings in Comfort Systems USA by 28.1% in the fourth quarter. Kestra Investment Management LLC now owns 3,480 shares of the construction company's stock worth $1,476,000 after purchasing an additional 763 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Comfort Systems USA by 67.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock worth $65,000 after purchasing an additional 61 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Comfort Systems USA by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,097 shares of the construction company's stock worth $465,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other 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.

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