Comfort Systems USA, Inc. (NYSE:FIX) Sees Significant Drop in Short Interest

Comfort Systems USA, Inc. (NYSE:FIX) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 442,900 shares, a decrease of 8.7% from the September 15th total of 485,300 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 346,700 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA during the third quarter worth about $38,000. V Square Quantitative Management LLC increased its holdings in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $41,000. Rise Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $44,000. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.1 %

Shares of Comfort Systems USA stock traded up $4.57 on Thursday, hitting $419.25. 224,643 shares of the company’s stock traded hands, compared to its average volume of 383,314. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. Comfort Systems USA has a one year low of $151.89 and a one year high of $424.43. The firm’s 50-day moving average price is $359.01 and its two-hundred day moving average price is $330.91. The stock has a market capitalization of $14.98 billion, a PE ratio of 41.06 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its 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 the consensus estimate of $1.69 billion. During the same period last year, the business posted $1.93 EPS. Comfort Systems USA’s revenue was up 39.6% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA will post 13.79 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

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.