Comfort Systems USA (NYSE:FIX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1,708.46 and traded as high as $1,712.60. Comfort Systems USA shares last traded at $1,663.6780, with a volume of 274,536 shares.

Analyst Ratings Changes

Several research analysts have commented on FIX shares. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. Weiss Ratings cut shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 11th. Finally, The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Trading Up 1.9%

The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $1,657.17 and a 200-day moving average price of $1,710.47. The company has a market capitalization of $59.33 billion, a price-to-earnings ratio of 41.46 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business posted $6.53 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Insider Activity at Comfort Systems USA

In related news, insider Brian Lane sold 16,024 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,078 shares of company stock valued at $43,211,828 over the last ninety days. Insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Greenwich Wealth Management LLC purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $316,000. QRG Capital Management Inc. lifted its stake in Comfort Systems USA by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 1,938 shares of the construction company’s stock worth $3,841,000 after acquiring an additional 60 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Comfort Systems USA by 7.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 384 shares of the construction company’s stock worth $762,000 after acquiring an additional 25 shares in the last quarter. Anchor Investment Management LLC boosted its position in Comfort Systems USA by 14.5% during the 2nd quarter. Anchor Investment Management LLC now owns 79 shares of the construction company’s stock worth $157,000 after acquiring an additional 10 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Comfort Systems USA by 13.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,302 shares of the construction company’s stock valued at $6,545,000 after acquiring an additional 402 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.