Darcy Anderson Sells 8,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Darcy Anderson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Darcy Anderson also recently made the following trade(s):

• On Wednesday, May 7th, Darcy Anderson sold 3,000 shares of Comfort Systems USA stock. The shares were sold at an average price of $431.66, for a total transaction of $1,294,980.00.

Comfort Systems USA Trading Down 2.8%

Shares of NYSE:FIX opened at $487.53 on Wednesday. The company has a market cap of $17.20 billion, a PE ratio of 33.37 and a beta of 1.51. The company’s 50-day moving average price is $418.63 and its 200 day moving average price is $419.54. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. 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) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping 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 company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm earned $2.69 EPS. Comfort Systems USA’s revenue was up 19.1% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Friday, May 16th. Comfort Systems USA’s payout ratio is presently 10.80%.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC raised its holdings in shares of Comfort Systems USA by 13.4% during the first quarter. Inspire Investing LLC now owns 2,160 shares of the construction company’s stock valued at $696,000 after acquiring an additional 256 shares during the period. Strs Ohio bought a new stake in Comfort Systems USA in the first quarter worth approximately $817,000. WBI Investments LLC grew its position in Comfort Systems USA by 26.9% in the first quarter. WBI Investments LLC now owns 628 shares of the construction company’s stock worth $202,000 after acquiring an additional 133 shares in the last quarter. Intech Investment Management LLC grew its position in Comfort Systems USA by 21.2% in the first quarter. Intech Investment Management LLC now owns 49,022 shares of the construction company’s stock worth $15,801,000 after acquiring an additional 8,569 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FIX. 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. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. 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 report on Monday, February 24th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $525.80.

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.