Comfort Systems USA (NYSE:FIX) Research Coverage Started at Glj Research

Glj Research assumed coverage on shares of Comfort Systems USA (NYSE:FIX) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $2,001.00 price target on the construction company’s stock.

A number of other research analysts have also weighed in on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday. 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 lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $1,732.50.

Comfort Systems USA Stock Up 3.1%

FIX stock opened at $1,726.44 on Monday. Comfort Systems USA has a twelve month low of $353.58 and a twelve month high of $1,730.26. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $1,446.28 and its 200-day moving average is $1,149.61. The firm has a market capitalization of $60.74 billion, a PE ratio of 59.74 and a beta of 1.60.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company earned $4.09 earnings per share. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA will post 37.06 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio is 9.69%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the sale, the director directly owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,288 shares of company stock valued at $53,677,038 in the last ninety days. 1.59% of the stock is owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares during the period. State Street Corp raised its stake in shares of Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. Invesco Ltd. raised its stake in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 22.1% in the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after buying an additional 184,362 shares during the period. 96.51% of the stock is currently owned by institutional investors.

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.