T Mckenna Trent Sells 4,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $486.65 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $510.79. The company’s 50-day simple moving average is $421.92 and its 200-day simple moving average is $356.70. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 37.23 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $2.74 earnings per share. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 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 Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in Comfort Systems USA in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the third quarter worth about $38,000. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA in the second quarter worth about $41,000. V Square Quantitative Management LLC lifted its holdings in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA in the third quarter worth about $53,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FIX. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their target price for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

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.