Comfort Systems USA (NYSE:FIX) Coverage Initiated by Analysts at Glj Research

Glj Research began coverage on shares of Comfort Systems USA (NYSE:FIX) in a report released on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $2,001.00 price target on the construction company’s stock.

Several other analysts have also weighed in on FIX. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. UBS Group reissued a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,732.50.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $26.39 during trading on Monday, hitting $1,700.55. 74,436 shares of the stock were exchanged, compared to its average volume of 418,009. Comfort Systems USA has a 1-year low of $353.58 and a 1-year high of $1,724.00. The company has a market capitalization of $59.83 billion, a price-to-earnings ratio of 58.84 and a beta of 1.60. The company’s fifty day simple moving average is $1,438.47 and its 200-day simple moving average is $1,145.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $4.09 EPS. Comfort Systems USA’s revenue for the quarter was up 41.7% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA will post 37.06 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 9.69%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at $54,276,305.28. The trade was a 19.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares in the company, valued at $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,288 shares of company stock worth $53,677,038 over the last three months. 1.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. State Street Corp raised its position in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its position in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Invesco Ltd. raised its position in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Comfort Systems USA by 22.1% in the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after purchasing an additional 184,362 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.