Comfort Systems USA, Inc. (NYSE:FIX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $635.60.

Several brokerages have issued reports on FIX. Stifel Nicolaus increased their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson increased their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, UBS Group increased their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th.

Comfort Systems USA Trading Down 3.6%

NYSE FIX opened at $703.88 on Friday. The stock has a 50-day simple moving average of $619.30 and a 200 day simple moving average of $476.08. The company has a market capitalization of $24.83 billion, a PE ratio of 36.17 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA has a 12 month low of $276.44 and a 12 month high of $733.24.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is currently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,283 shares of company stock valued at $21,682,525 in the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock worth $824,000 after buying an additional 296 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock worth $364,000 after buying an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock worth $2,377,000 after buying an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company’s stock worth $658,000 after buying an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock valued at $324,000 after purchasing an additional 90 shares in the last quarter. 96.51% of the stock is currently owned by 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.