Comfort Systems USA (NYSE:FIX) Research Coverage Started at DA Davidson

DA Davidson started coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report released on Friday, MarketBeat reports. The brokerage issued a buy rating and a $2,100.00 target price on the construction company’s stock.

FIX has been the topic of several other research reports. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. UBS Group set a $2,100.00 target price on Comfort Systems USA in a report on Thursday. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Oppenheimer started coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Up 0.2%

FIX stock opened at $1,658.28 on Friday. The firm has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. Comfort Systems USA has a 1-year low of $670.19 and a 1-year high of $2,073.99. The firm has a fifty day moving average price of $1,783.64 and a two-hundred day moving average price of $1,658.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm posted $6.53 EPS. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. Research analysts predict that Comfort Systems USA will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Activity at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 2,554 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,096 shares of company stock worth $31,186,647 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Prudential PLC purchased a new stake in Comfort Systems USA in the 4th quarter worth about $6,922,000. Ethic Inc. grew its stake in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 period. Finally, Swiss Life Asset Management Ltd increased its holdings in shares of Comfort Systems USA by 713.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock valued at $12,392,000 after purchasing an additional 11,645 shares during the period. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

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.