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 published on Tuesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on FIX. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. UBS Group lifted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, William Blair assumed coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Stock Performance

NYSE FIX opened at $963.36 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA has a 1 year low of $276.44 and a 1 year high of $1,020.26. The stock has a market capitalization of $33.98 billion, a PE ratio of 40.79 and a beta of 1.58. The company’s 50 day simple moving average is $800.36 and its two-hundred day simple moving average is $618.26.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.47%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares of the company’s stock, valued at $8,557,710.96. The trade was a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on 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. The trade was a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 24,883 shares of company stock worth $18,071,151. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA in the third quarter valued at about $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA during the 3rd quarter valued at about $25,000. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA during the 2nd quarter valued at about $27,000. Stone House Investment Management LLC purchased a new position in Comfort Systems USA during the 1st quarter valued at about $31,000. Finally, Eastern Bank purchased a new position in Comfort Systems USA during the 3rd quarter valued at about $31,000. 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.