Comfort Systems USA (NYSE:FIX) Sets New 52-Week High – Time to Buy?

Comfort Systems USA, Inc. (NYSE:FIX) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $853.69 and last traded at $851.35, with a volume of 33242 shares trading hands. The stock had previously closed at $834.70.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. UBS Group upped their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. 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 research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $668.60.

Comfort Systems USA Stock Down 2.1%

The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 41.99 and a beta of 1.58. The firm’s 50 day moving average price is $747.01 and its two-hundred day moving average price is $564.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $713.90 million during the quarter. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is 10.28%.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,078 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director owned 6,500 shares in the company, valued at $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 over the last 90 days. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp increased its holdings in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after buying an additional 832,999 shares in the last quarter. Norges Bank purchased a new position in Comfort Systems USA in the second quarter valued at about $256,998,000. AQR Capital Management LLC increased its holdings in Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after buying an additional 273,453 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after buying an additional 239,692 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Comfort Systems USA in the first quarter valued at about $74,634,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

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.