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

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $1,573.6667.

FIX has been the subject of a number of analyst reports. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. DA Davidson lifted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, UBS Group reissued a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd.

Comfort Systems USA Stock Up 0.1%

Shares of NYSE:FIX opened at $1,425.50 on Thursday. The firm’s 50 day moving average price is $1,265.30 and its 200 day moving average price is $1,021.44. The stock has a market cap of $50.13 billion, a price-to-earnings ratio of 49.33 and a beta of 1.63. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $4.09 EPS. The firm’s revenue was up 41.7% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a $0.70 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s payout ratio is currently 9.69%.

Insider Activity at Comfort Systems USA

In other news, SVP Terrence Reed sold 1,116 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the completion of the sale, the senior vice president owned 2,834 shares in the company, valued at approximately $3,960,033.22. The trade was a 28.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,288 shares of company stock valued at $53,677,038 in the last quarter. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently bought and sold shares of the stock. Private Client Services LLC increased its holdings in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after acquiring an additional 2,354 shares during the period. Brown Advisory Inc. boosted its stake in Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Comfort Systems USA by 19.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after purchasing an additional 2,461 shares during the period. Triasima Portfolio Management inc. purchased a new position in Comfort Systems USA during the 3rd quarter worth $2,392,000. Finally, Citigroup Inc. grew its position in Comfort Systems USA by 29.5% during the 3rd quarter. Citigroup Inc. now owns 14,074 shares of the construction company’s stock worth $11,614,000 after purchasing an additional 3,202 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.