Comfort Systems USA (NYSE:FIX) Upgraded at Zacks Research

Zacks Research upgraded shares of Comfort Systems USA (NYSE:FIX) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

FIX has been the topic of several other reports. DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. UBS Group increased their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $635.60.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $693.78 on Tuesday. Comfort Systems USA has a 52-week low of $276.44 and a 52-week high of $733.24. The stock has a market cap of $24.48 billion, a PE ratio of 35.65 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm’s 50 day moving average price is $594.30 and its two-hundred day moving average price is $464.97.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the business posted $3.74 earnings per share. As a group, analysts forecast that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the sale, the chief operating officer directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock valued at $20,932,366 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIX. NewEdge Advisors LLC lifted its stake in Comfort Systems USA by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,419 shares of the construction company’s stock valued at $1,025,000 after purchasing an additional 203 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Comfort Systems USA by 26.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,011 shares of the construction company’s stock worth $853,000 after purchasing an additional 423 shares during the period. Hsbc Holdings PLC grew its holdings in Comfort Systems USA by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 12,335 shares of the construction company’s stock worth $5,255,000 after purchasing an additional 2,929 shares during the period. Dark Forest Capital Management LP bought a new position in Comfort Systems USA during the fourth quarter worth about $643,000. Finally, Pinebridge Investments L.P. grew its holdings in Comfort Systems USA by 110.1% during the fourth quarter. Pinebridge Investments L.P. now owns 15,789 shares of the construction company’s stock worth $6,695,000 after purchasing an additional 8,274 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.