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

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Down 0.7 %

The firm has a market capitalization of $16.35 billion, a PE ratio of 35.15 and a beta of 1.18. The firm’s 50-day moving average is $439.53 and its 200 day moving average is $366.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIX. Cetera Investment Advisers boosted its position in shares of Comfort Systems USA by 75.5% in the first quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock worth $1,945,000 after acquiring an additional 2,633 shares during the last quarter. CWM LLC increased its holdings in Comfort Systems USA by 60.3% in the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after purchasing an additional 82 shares in the last quarter. SG Americas Securities LLC lifted its position in Comfort Systems USA by 513.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,579 shares of the construction company’s stock worth $3,217,000 after acquiring an additional 8,854 shares in the last quarter. AdvisorNet Financial Inc grew its position in Comfort Systems USA by 95.5% in the second quarter. AdvisorNet Financial Inc now owns 481 shares of the construction company’s stock valued at $146,000 after acquiring an additional 235 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in Comfort Systems USA during the 2nd quarter worth approximately $253,000. 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.