Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Rating of “Buy” by Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $517.60.

Several equities analysts have commented on the stock. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Wall Street Zen cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, DA Davidson lifted their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th.

Comfort Systems USA Stock Down 0.5%

Shares of Comfort Systems USA stock opened at $462.87 on Friday. The company has a market capitalization of $16.33 billion, a P/E ratio of 31.68 and a beta of 1.48. The business has a 50-day moving average of $381.25 and a two-hundred day moving average of $417.08. Comfort Systems USA has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm posted $2.69 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a $0.45 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Hedge funds have recently made changes to their positions in the business. Consolidated Planning Corp raised its position in Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Comfort Systems USA during the fourth quarter valued at $39,038,000. BOCHK Asset Management Ltd purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth $509,000. HB Wealth Management LLC acquired a new position in Comfort Systems USA in the 4th quarter valued at about $292,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Comfort Systems USA by 63.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,065 shares of the construction company’s stock valued at $452,000 after acquiring an additional 413 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.