Comfort Systems USA (NYSE:FIX) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $525.00 target price on the construction company’s stock, up from their prior target price of $396.00.

FIX has been the subject of several other reports. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Price Performance

NYSE:FIX opened at $491.21 on Tuesday. The stock has a market cap of $17.48 billion, a P/E ratio of 37.50 and a beta of 1.13. Comfort Systems USA has a one year low of $185.83 and a one year high of $494.50. The company has a fifty day moving average price of $410.60 and a 200 day moving average price of $352.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 EPS. Analysts anticipate that Comfort Systems USA will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Insider Activity

In other news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the 3rd quarter worth about $38,000. V Square Quantitative Management LLC grew its holdings in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Comfort Systems USA during the 2nd quarter worth about $41,000. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth about $53,000. Institutional investors own 96.51% of the company’s stock.

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.