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

StockNews.com downgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other equities research analysts have also recently issued reports on the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

Shares of FIX opened at $331.79 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $11.80 billion, a PE ratio of 22.71 and a beta of 1.24. The stock has a 50 day simple moving average of $397.47 and a 200 day simple moving average of $417.88. Comfort Systems USA has a 52-week low of $272.93 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Sell-side analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s payout ratio is 10.95%.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after buying an additional 67,240 shares during the last quarter. FMR LLC grew its position in shares of Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after purchasing an additional 148,493 shares during the last quarter. State Street Corp grew its position in shares of Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after purchasing an additional 21,406 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $217,771,000. 96.51% of the stock is owned by institutional investors.

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.