Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Insider Sells 15,000 Shares of 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 on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares of the company's stock, valued at $72,239,007.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Comfort Systems USA Trading Down 2.0 %

FIX stock traded down $6.66 during midday trading on Friday, reaching $330.78. The stock had a trading volume of 216,617 shares, compared to its average volume of 409,956. The business has a fifty day simple moving average of $313.80 and a two-hundred day simple moving average of $305.03. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 32.75 and a beta of 1.15. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $352.45.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.60. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.93 EPS. As a group, research analysts expect that Comfort Systems USA, Inc. will post 13.19 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA's payout ratio is currently 11.88%.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. V Square Quantitative Management LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $41,000. Rise Advisors LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $44,000. GAMMA Investing LLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at about $61,000. Finally, Spire Wealth Management bought a new position in shares of Comfort Systems USA during the 4th quarter valued at about $61,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday, June 19th.

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.