Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III Purchases 1,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) CFO William George III purchased 1,000 shares of Comfort Systems USA stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $40.59 per share, for a total transaction of $40,590.00. Following the purchase, the chief financial officer now owns 57,462 shares in the company, valued at $2,332,382.58. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

William George III also recently made the following trade(s):

  • On Wednesday, August 14th, William George III acquired 1,000 shares of Comfort Systems USA stock. The shares were purchased at an average price of $37.47 per share, with a total value of $37,470.00.
  • On Monday, July 29th, William George III acquired 2,500 shares of Comfort Systems USA stock. The shares were purchased at an average price of $41.39 per share, with a total value of $103,475.00.

Shares of FIX stock traded down $1.46 on Thursday, reaching $40.41. 279,564 shares of the stock were exchanged, compared to its average volume of 265,907. The stock has a market cap of $1.45 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $39.76 and a two-hundred day moving average of $48.84. Comfort Systems USA, Inc. has a 1-year low of $36.27 and a 1-year high of $59.83.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.21). The firm had revenue of $650.30 million for the quarter, compared to analyst estimates of $676.49 million. Comfort Systems USA had a return on equity of 21.15% and a net margin of 4.54%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 2.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. Comfort Systems USA’s payout ratio is 13.33%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Comfort Systems USA by 3.9% in the 2nd quarter. BlackRock Inc. now owns 6,456,390 shares of the construction company’s stock valued at $329,209,000 after purchasing an additional 244,286 shares in the last quarter. Royal Bank of Canada increased its holdings in Comfort Systems USA by 74.4% in the 2nd quarter. Royal Bank of Canada now owns 4,311 shares of the construction company’s stock valued at $220,000 after purchasing an additional 1,839 shares in the last quarter. Schroder Investment Management Group increased its holdings in Comfort Systems USA by 21.5% in the 2nd quarter. Schroder Investment Management Group now owns 195,919 shares of the construction company’s stock valued at $9,990,000 after purchasing an additional 34,681 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at $48,159,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Comfort Systems USA by 69.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,700 shares of the construction company’s stock valued at $1,055,000 after purchasing an additional 8,489 shares in the last quarter. Institutional investors and hedge funds own 91.49% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Zacks Investment Research downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, DA Davidson upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $57.00 to $52.00 in a report on Monday, July 29th.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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