Comfort Systems USA, Inc. (NYSE:FIX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $481.00.

Several research analysts have commented on the company. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Finally, Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $504.17 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $419.31 and its two-hundred day moving average is $355.79. The company has a market cap of $17.94 billion, a P/E ratio of 38.57 and a beta of 1.13. Comfort Systems USA has a 12 month low of $185.83 and a 12 month high of $510.79.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.74 EPS. On average, equities analysts expect that Comfort Systems USA will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. 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 yield of 0.28%. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently bought and sold shares of FIX. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA in the third quarter worth $138,987,000. Millennium Management LLC lifted its stake in shares of Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares during the period. Jennison Associates LLC boosted its holdings in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Blackstone Inc. bought a new position in Comfort Systems USA in the first quarter valued at about $41,302,000. Finally, Natixis Advisors LLC boosted its holdings in Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after acquiring an additional 119,033 shares during the last quarter. 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.