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

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $493.50.

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northcoast Research began coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus began coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares of the company’s stock, valued at $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA during the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the 3rd quarter valued at $38,000. V Square Quantitative Management LLC raised its position 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 buying an additional 47 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter worth $53,000. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after acquiring an additional 85 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $462.98 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 35.42 and a beta of 1.18. The stock’s 50-day moving average is $443.70 and its two-hundred day moving average is $369.58. Comfort Systems USA has a 1-year low of $194.30 and a 1-year high of $510.79.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

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.