Comfort Systems USA (NYSE:FIX) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

FIX has been the topic of a number of other research reports. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group increased their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. DA Davidson set a $810.00 price target on Comfort Systems USA in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $1,069.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $892.75.

Comfort Systems USA Trading Down 6.4%

FIX stock opened at $959.12 on Friday. Comfort Systems USA has a 52 week low of $276.44 and a 52 week high of $1,036.67. The company has a market capitalization of $33.83 billion, a PE ratio of 40.61 and a beta of 1.64. The company’s 50-day simple moving average is $923.93 and its 200 day simple moving average is $736.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million during the quarter. As a group, sell-side analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director directly owned 4,000 shares in the company, valued at $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,028 shares of company stock valued at $25,381,151. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after buying an additional 832,999 shares in the last quarter. Norges Bank bought a new stake in Comfort Systems USA during the 2nd quarter worth $256,998,000. AQR Capital Management LLC grew its position in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in Comfort Systems USA in the second quarter valued at about $114,551,000. Institutional investors and hedge funds 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.