Franklin Myers Acquires 5,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX) Stock

Comfort Systems USA, Inc. (NYSE:FIX) Chairman Franklin Myers acquired 5,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $49.49 per share, for a total transaction of $247,450.00. Following the completion of the acquisition, the chairman now owns 260,000 shares in the company, valued at approximately $12,867,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Franklin Myers also recently made the following trade(s):

  • On Friday, September 6th, Franklin Myers bought 5,000 shares of Comfort Systems USA stock. The shares were bought at an average cost of $38.00 per share, with a total value of $190,000.00.

NYSE:FIX traded up $0.74 during trading hours on Wednesday, reaching $50.25. 62,300 shares of the stock were exchanged, compared to its average volume of 196,220. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $49.62 and a two-hundred day moving average of $46.36. Comfort Systems USA, Inc. has a twelve month low of $36.27 and a twelve month high of $58.21. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.75 and a beta of 1.36.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Friday, October 25th. The construction company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. The business had revenue of $706.90 million during the quarter, compared to analysts’ expectations of $701.83 million. Comfort Systems USA had a return on equity of 20.05% and a net margin of 4.24%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 2.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, November 7th. Comfort Systems USA’s payout ratio is 13.33%.

A number of brokerages have weighed in on FIX. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, October 29th. ValuEngine upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA to $60.00 and gave the stock a “buy” rating in a report on Monday, October 28th.

A number of institutional investors have recently made changes to their positions in FIX. King Luther Capital Management Corp grew its stake in shares of Comfort Systems USA by 80.4% in the second quarter. King Luther Capital Management Corp now owns 31,363 shares of the construction company’s stock worth $1,599,000 after acquiring an additional 13,973 shares in the last quarter. BlackRock Inc. increased its holdings in Comfort Systems USA by 3.9% during the 2nd quarter. BlackRock Inc. now owns 6,456,390 shares of the construction company’s stock worth $329,209,000 after purchasing an additional 244,286 shares during the period. Bogle Investment Management L P DE increased its holdings in Comfort Systems USA by 2.8% during the 2nd quarter. Bogle Investment Management L P DE now owns 18,410 shares of the construction company’s stock worth $939,000 after purchasing an additional 500 shares during the period. Brinker Capital Inc. increased its holdings in Comfort Systems USA by 31.8% during the 3rd quarter. Brinker Capital Inc. now owns 19,136 shares of the construction company’s stock worth $846,000 after purchasing an additional 4,620 shares during the period. Finally, BB&T Securities LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $1,299,000. Institutional investors own 93.58% of the company’s stock.

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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