Comfort Systems USA (NYSE:FIX) Upgraded by Sidoti to Buy Rating

Sidoti upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat reports. The firm currently has $552.00 price target on the construction company’s stock.

Other equities analysts also recently issued research reports about the company. UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $358.06 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.74 billion, a PE ratio of 24.51 and a beta of 1.22. The business has a 50 day moving average of $444.90 and a 200 day moving average of $416.11. Comfort Systems USA has a 52 week low of $272.92 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the third quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 67 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.