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

Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Comfort Systems USA Trading Up 1.3 %

Shares of FIX stock opened at $445.02 on Friday. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $474.62. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $398.73 and a 200-day moving average of $347.84. The firm 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 issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The business’s revenue was up 31.5% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s payout ratio is 9.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday. They set a “buy” rating and a $524.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares in the last quarter. Vestcor Inc lifted its position in Comfort Systems USA by 2.1% during the third quarter. Vestcor Inc now owns 5,386 shares of the construction company’s stock valued at $2,102,000 after purchasing an additional 112 shares during the last quarter. M&T Bank Corp grew its stake in Comfort Systems USA by 6.5% in the 3rd quarter. M&T Bank Corp now owns 5,380 shares of the construction company’s stock worth $2,100,000 after buying an additional 328 shares in the last quarter. Barclays PLC increased its holdings in shares of Comfort Systems USA by 23.4% in the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock worth $8,919,000 after buying an additional 4,331 shares during the last quarter. Finally, Zacks Investment Management lifted its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

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.