Franklin Myers Sells 6,700 Shares of Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Franklin Myers also recently made the following trade(s):

• On Thursday, May 7th, Franklin Myers sold 4,500 shares of Comfort Systems USA stock. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,857.84 on Friday. Comfort Systems USA, Inc. has a 1-year low of $510.00 and a 1-year high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 53.60 and a beta of 1.65. The stock’s fifty day simple moving average is $1,865.99 and its 200-day simple moving average is $1,455.43.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.75 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Analyst Ratings Changes

Several research firms recently commented on FIX. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Erste Group Bank started coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1,991.50.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. raised its position in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $33,000. Farmers & Merchants Investments Inc. increased its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.