Comfort Systems USA, Inc. (NYSE:FIX) Insider Sells $6,733,200.00 in Stock

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred 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 directly owns 204,205 shares of the company's stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Comfort Systems USA Stock Performance

FIX traded up $5.61 during trading on Friday, hitting $445.02. The stock had a trading volume of 280,029 shares, compared to its average volume of 383,818. The firm has a market cap of $15.84 billion, a PE ratio of 34.10 and a beta of 1.13. 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 company has a 50 day simple moving average of $395.89 and a 200-day simple moving average of $346.91.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its 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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $2.74 EPS. The business's quarterly revenue was up 31.5% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The business 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 dividend of $0.35 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA's payout ratio is presently 9.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors boosted its position in shares of Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after acquiring an additional 451,852 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $138,987,000. Millennium Management LLC boosted its position in shares of Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Comfort Systems USA by 56.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock valued at $211,924,000 after acquiring an additional 240,466 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research reports. 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 target price for the company. StockNews.com raised shares of 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 given a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus target price of $376.00.

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.