Brian E. Lane Sells 15,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Comfort Systems USA Stock Up 1.3 %

FIX opened at $445.02 on Monday. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $474.62. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $398.73 and its 200-day moving average price is $348.11. The company has a market cap of $15.84 billion, a P/E ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $2.74 EPS. The business’s quarterly revenue was up 31.5% on a year-over-year basis. On average, equities analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 10.71%.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently added to or reduced their stakes in FIX. Comerica Bank boosted its holdings in shares of Comfort Systems USA by 34.5% during the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock worth $32,956,000 after purchasing an additional 26,616 shares during the period. Entropy Technologies LP bought a new position in Comfort Systems USA during the 3rd quarter valued at approximately $1,484,000. Cetera Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $971,000. WCM Investment Management LLC grew its position in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after buying an additional 14,090 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $1,327,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $524.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.00.

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.