Comfort Systems USA (NYSE:FIX) Hits New 52-Week High at $361.76

Comfort Systems USA, Inc. (NYSE:FIX) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $361.76 and last traded at $361.50, with a volume of 11186 shares trading hands. The stock had previously closed at $356.93.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Trading Up 6.7 %

The firm’s 50-day simple moving average is $325.41 and its 200-day simple moving average is $319.19. 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 capitalization of $13.58 billion, a PE ratio of 37.65 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The company’s revenue was up 39.6% on a year-over-year basis. Equities analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.32%. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the sale, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock worth $8,076,855. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after buying an additional 42 shares during the period. Caprock Group LLC lifted its holdings in Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock worth $214,000 after buying an additional 63 shares during the period. Sunbelt Securities Inc. lifted its holdings in Comfort Systems USA by 22.0% in the second quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock worth $106,000 after buying an additional 63 shares during the period. CWM LLC lifted its holdings in Comfort Systems USA by 60.3% in the second quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after buying an additional 82 shares during the period. Finally, Lifestyle Asset Management Inc. lifted its holdings in Comfort Systems USA by 9.6% in the second quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock worth $337,000 after buying an additional 97 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.