Comfort Systems USA (NYSE:FIX) Cut to Hold at StockNews.com

StockNews.com lowered shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a research note issued to investors on Thursday.

A number of other brokerages have also recently weighed in on FIX. UBS Group upped their price target 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 research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $439.72 on Thursday. The firm has a market capitalization of $15.65 billion, a PE ratio of 33.64 and a beta of 1.23. Comfort Systems USA has a 12 month low of $198.30 and a 12 month high of $510.79. 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 business has a 50-day moving average of $457.31 and a two-hundred day moving average of $386.41.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The company’s revenue was up 31.5% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA will post 13.95 earnings per share for the current 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 given a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insider Activity

In other news, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The stock was 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 owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently modified their holdings of FIX. Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $38,000. V Square Quantitative Management LLC raised its position in shares of 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 valued at $49,000 after acquiring an additional 47 shares in the last quarter. True Wealth Design LLC bought a new position in Comfort Systems USA during the third quarter worth $53,000. Finally, Contravisory Investment Management Inc. boosted its holdings in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the period. Institutional investors own 96.51% of the company’s stock.

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.