T Mckenna Trent Sells 4,400 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Key Points

• T. McKenna Trent, COO of Comfort Systems USA, sold 4,400 shares of the company’s stock for approximately $3.15 million, resulting in a 16.90% decrease in his ownership.
• Comfort Systems USA reported a net revenue of $2.17 billion for the last quarter, exceeding analyst estimates, with a 20.1% increase in revenue compared to the same quarter last year.
• The company announced an increase in its quarterly dividend from $0.45 to $0.50, with a scheduled payment date of August 25th.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock traded down $12.53 during trading hours on Friday, reaching $690.78. The company had a trading volume of 142,019 shares, compared to its average volume of 476,596. The business has a fifty day simple moving average of $532.98 and a 200 day simple moving average of $442.84. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $718.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of $24.37 billion, a PE ratio of 35.43 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm posted $3.74 earnings per share. The company's revenue was up 20.1% compared to the same quarter last year. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is 9.25%.

Wall Street Analyst Weigh In

FIX has been the topic of several research analyst reports. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday. DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group upped their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $635.60.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in shares of Comfort Systems USA by 39.8% during the fourth quarter. LPL Financial LLC now owns 22,598 shares of the construction company's stock valued at $9,583,000 after acquiring an additional 6,438 shares during the period. Pictet Asset Management Holding SA grew its position in Comfort Systems USA by 8.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company's stock valued at $2,082,000 after purchasing an additional 370 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Comfort Systems USA in the 4th quarter worth about $297,000. Franklin Resources Inc. grew its stake in shares of Comfort Systems USA by 5.3% during the 4th quarter. Franklin Resources Inc. now owns 174,406 shares of the construction company's stock valued at $73,959,000 after purchasing an additional 8,827 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Comfort Systems USA by 520.5% during the 4th quarter. National Bank of Canada FI now owns 937 shares of the construction company's stock valued at $397,000 after purchasing an additional 786 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

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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