Comfort Systems USA (NYSE:FIX) Trading Down 3.6% – Should You Sell?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price traded down 3.6% on Monday . The company traded as low as $476.50 and last traded at $479.10. 42,981 shares changed hands during trading, a decline of 89% from the average session volume of 378,393 shares. The stock had previously closed at $497.00.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $481.00.

Comfort Systems USA Trading Down 6.1 %

The firm has a market capitalization of $16.61 billion, a P/E ratio of 38.03 and a beta of 1.18. The business’s 50 day moving average is $436.69 and its two-hundred day moving average is $365.12. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. Analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid 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 yield of 0.30%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of FIX. State Street Corp boosted its stake in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after buying an additional 47,929 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after buying an additional 8,578 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA in the third quarter worth approximately $138,987,000. Finally, Millennium Management LLC raised its position in Comfort Systems USA by 477.9% during the second 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.