Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) saw a significant decline in short interest in August. As of August 15th, there was short interest totalling 723,800 shares, a decline of 19.6% from the July 31st total of 900,700 shares. Currently, 2.1% of the company's stock are short sold. Based on an average daily volume of 157,800 shares, the short-interest ratio is presently 4.6 days.
Insider Activity
In other news, insider Brian E. Lane sold 10,211 shares of the company's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,092,474.89. Following the completion of the transaction, the insider now directly owns 271,118 shares of the company's stock, valued at $29,006,914.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brian E. Lane sold 10,211 shares of the business's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $106.99, for a total value of $1,092,474.89. Following the sale, the insider now owns 271,118 shares of the company's stock, valued at $29,006,914.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Franklin Myers sold 21,719 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $106.68, for a total transaction of $2,316,982.92. Following the transaction, the chairman now owns 175,000 shares of the company's stock, valued at approximately $18,669,000. The disclosure for this sale can be found here. Insiders have sold a total of 73,494 shares of company stock worth $7,704,381 over the last three months. Corporate insiders own 2.48% of the company's stock.
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Hedge Funds Weigh In On Comfort Systems USA
Several large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in Comfort Systems USA in the 1st quarter valued at about $32,000. Brown Brothers Harriman & Co. grew its position in shares of Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company's stock valued at $36,000 after purchasing an additional 394 shares during the last quarter. Prospera Financial Services Inc bought a new position in shares of Comfort Systems USA during the first quarter worth approximately $38,000. Steward Partners Investment Advisory LLC lifted its holdings in Comfort Systems USA by 420.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 536 shares of the construction company's stock worth $48,000 after purchasing an additional 433 shares during the last quarter. Finally, New Century Advisors LLC boosted its stake in Comfort Systems USA by 43.9% in the 2nd quarter. New Century Advisors LLC now owns 580 shares of the construction company's stock valued at $48,000 after purchasing an additional 177 shares during the period. 95.47% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
FIX has been the subject of a number of analyst reports. DA Davidson raised their price target on Comfort Systems USA from $100.00 to $114.00 in a research note on Friday, July 29th. StockNews.com downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Friday, August 5th.
Comfort Systems USA Stock Performance
Shares of FIX stock traded up $0.81 on Wednesday, reaching $100.63. The stock had a trading volume of 1,535 shares, compared to its average volume of 159,035. Comfort Systems USA has a 12 month low of $67.91 and a 12 month high of $109.00. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 16.98 and a beta of 1.23. The firm's 50-day moving average is $94.45 and its two-hundred day moving average is $89.80. The company has a quick ratio of 1.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.45.
Comfort Systems USA (NYSE:FIX – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The construction company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.14. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $914.17 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The business's revenue was up 42.6% compared to the same quarter last year. On average, research analysts expect that Comfort Systems USA will post 4.85 EPS for the current fiscal year.
Comfort Systems USA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Thursday, August 18th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.56%. Comfort Systems USA's dividend payout ratio (DPR) is 9.52%.
About Comfort Systems USA
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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
Further Reading
- Get a free copy of the StockNews.com research report on Comfort Systems USA (FIX)
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