William Sandbrook Sells 800 Shares of Comfort Systems USA (NYSE:FIX) Stock

Key Points

• Director William Sandbrook sold 800 shares of Comfort Systems USA at an average price of $733.56, reducing his ownership by 6.42% to a total of 11,666 shares.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, exceeding analyst expectations of $4.84, and experienced a 20.1% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.50 per share, up from the previous $0.45, reflecting a healthy payout ratio of 10.28%.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) Director William Sandbrook sold 800 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director owned 11,666 shares of the company's stock, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comfort Systems USA Price Performance

FIX traded up $44.67 during trading on Wednesday, hitting $754.20. 592,616 shares of the stock traded hands, compared to its average volume of 464,185. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $757.12. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 38.76 and a beta of 1.54. 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 business has a 50 day moving average price of $645.75 and a 200 day moving average price of $491.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.74 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's payout ratio is presently 10.28%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $635.60.

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently bought and sold shares of the company. American Trust bought a new stake in Comfort Systems USA during the second quarter valued at $209,000. Orion Porfolio Solutions LLC boosted its position in Comfort Systems USA by 1.3% during the second quarter. Orion Porfolio Solutions LLC now owns 11,965 shares of the construction company's stock valued at $6,416,000 after acquiring an additional 148 shares during the last quarter. Munro Partners bought a new stake in Comfort Systems USA during the second quarter valued at $9,689,000. Thompson Davis & CO. Inc. boosted its position in Comfort Systems USA by 80.7% during the second quarter. Thompson Davis & CO. Inc. now owns 3,025 shares of the construction company's stock valued at $1,622,000 after acquiring an additional 1,351 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Comfort Systems USA during the second quarter valued at $505,000. Institutional investors own 96.51% of the company's stock.

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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