Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1,011.75.

A number of research analysts have weighed in on FIX shares. UBS Group boosted their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. DA Davidson reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Insiders Place Their Bets

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 stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,028 shares of company stock valued at $25,381,151 in the last quarter. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently made changes to their positions in the business. Toth Financial Advisory Corp bought a new position in Comfort Systems USA during the third quarter worth about $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. lifted its position in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at $27,000. Finally, Eastern Bank acquired a new stake in Comfort Systems USA in the 3rd quarter valued at $31,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 7.5%

Shares of Comfort Systems USA stock opened at $1,003.50 on Friday. Comfort Systems USA has a 12-month low of $276.44 and a 12-month high of $1,036.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $957.00 and a two-hundred day moving average price of $782.35. The stock has a market capitalization of $35.39 billion, a P/E ratio of 42.49 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.