Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High – What’s Next?

Shares of Comfort Systems USA, Inc. (NYSE:FIX) reached a new 52-week high on Tuesday . The company traded as high as $516.11 and last traded at $509.46, with a volume of 28983 shares. The stock had previously closed at $503.78.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIX shares. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $493.50.

Comfort Systems USA Price Performance

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 stock’s fifty day moving average price is $463.34 and its 200-day moving average price is $394.53. The firm has a market cap of $18.41 billion, a PE ratio of 39.53 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last announced 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. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company earned $2.74 EPS. The company’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following 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. In the last quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Comfort Systems USA by 53.6% in the second quarter. Renaissance Technologies LLC now owns 33,800 shares of the construction company’s stock valued at $10,279,000 after purchasing an additional 11,800 shares during the period. Hsbc Holdings PLC raised its stake in shares of Comfort Systems USA by 122.3% during the second quarter. Hsbc Holdings PLC now owns 10,805 shares of the construction company’s stock valued at $3,315,000 after purchasing an additional 5,945 shares during the period. Pacer Advisors Inc. lifted its position in shares of Comfort Systems USA by 13.1% during the second quarter. Pacer Advisors Inc. now owns 10,247 shares of the construction company’s stock worth $3,116,000 after purchasing an additional 1,185 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in Comfort Systems USA by 69.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 23,199 shares of the construction company’s stock valued at $7,055,000 after purchasing an additional 9,490 shares in the last quarter. Finally, Xponance Inc. increased its stake in Comfort Systems USA by 39.5% during the 2nd quarter. Xponance Inc. now owns 7,132 shares of the construction company’s stock worth $2,169,000 after buying an additional 2,020 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.