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

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned a consensus rating of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $892.75.

Several equities analysts have issued reports on the stock. UBS Group upped their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director owned 22,535 shares in the company, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,828 shares of company stock worth $25,967,999. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently bought and sold shares of the company. 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 worth $268,510,000 after purchasing an additional 832,999 shares in the last quarter. Norges Bank acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $256,998,000. AQR Capital Management LLC increased its stake in shares of Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after acquiring an additional 273,453 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after acquiring an additional 239,692 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at $74,634,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $987.60 on Tuesday. The stock has a 50-day moving average price of $910.45 and a two-hundred day moving average price of $723.71. Comfort Systems USA has a 12 month low of $276.44 and a 12 month high of $1,036.67. The company has a market capitalization of $34.83 billion, a PE ratio of 41.81 and a beta of 1.64. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released 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 during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

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.