Comfort Systems USA (NYSE:FIX) Sets New 1-Year High – What’s Next?

Comfort Systems USA, Inc. (NYSE:FIX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $432.19 and last traded at $432.10, with a volume of 1541 shares. The stock had previously closed at $410.99.

Analyst Ratings Changes

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Comfort Systems USA Stock Up 6.4 %

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 stock has a market cap of $15.56 billion, a P/E ratio of 31.45 and a beta of 1.13. The stock’s fifty day moving average price is $379.32 and its 200 day moving average price is $340.30.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 9.18%.

Insider Activity

In related news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,091 shares of company stock valued at $13,812,015. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd raised its stake in Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares during the last quarter. Signaturefd LLC raised its holdings in Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the period. OneDigital Investment Advisors LLC lifted its position in Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after purchasing an additional 34 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after purchasing an additional 35 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after acquiring an additional 42 shares during the period. 96.51% of the stock is owned by institutional investors.

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.