Comfort Systems USA, Inc. (NYSE:FIX) VP T Mckenna Trent sold 21,133 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $45.97, for a total value of $971,484.01. Following the transaction, the vice president now directly owns 46,095 shares in the company, valued at approximately $2,118,987.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE FIX traded up $0.20 during trading hours on Friday, hitting $46.45. 167,599 shares of the company traded hands, compared to its average volume of 153,243. The company has a market cap of $1.72 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.34. Comfort Systems USA, Inc. has a 12 month low of $31.90 and a 12 month high of $48.95.
Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, April 27th. The construction company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. The firm had revenue of $464.94 million for the quarter, compared to the consensus estimate of $441.98 million. Comfort Systems USA had a return on equity of 17.86% and a net margin of 3.44%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. equities analysts predict that Comfort Systems USA, Inc. will post 2.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Monday, May 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.08. Comfort Systems USA’s payout ratio is presently 18.39%.
A number of institutional investors and hedge funds have recently bought and sold shares of FIX. Millennium Management LLC boosted its holdings in Comfort Systems USA by 386.8% during the 4th quarter. Millennium Management LLC now owns 341,556 shares of the construction company’s stock valued at $14,909,000 after acquiring an additional 271,395 shares during the period. BlackRock Inc. lifted its holdings in shares of Comfort Systems USA by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,285,746 shares of the construction company’s stock worth $230,723,000 after buying an additional 213,140 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth $5,870,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Comfort Systems USA by 103.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 242,700 shares of the construction company’s stock worth $10,594,000 after buying an additional 123,600 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth $4,427,000. Institutional investors own 92.21% of the company’s stock.
Several research firms have recently weighed in on FIX. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, May 2nd. ValuEngine raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, April 30th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.50.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.
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