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

StockNews.com cut shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a report released on Thursday morning.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $348.16 on Thursday. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27. The company has a 50-day simple moving average of $349.24 and a 200 day simple moving average of $413.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, sell-side analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock worth $8,919,000 after purchasing an additional 4,331 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Comfort Systems USA by 48.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock valued at $1,157,000 after acquiring an additional 974 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at $1,137,000. Franklin Resources Inc. boosted its holdings in shares of Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after acquiring an additional 1,236 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Comfort Systems USA by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 641 shares of the construction company’s stock worth $272,000 after acquiring an additional 79 shares during the last quarter. 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.