StockNews.com Lowers Comfort Systems USA (NYSE:FIX) to Hold

StockNews.com lowered shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a report published on Wednesday morning.

Other analysts also recently issued research reports about the company. DA Davidson boosted their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. UBS Group boosted their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Finally, KeyCorp initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They issued a sector weight rating for the company.

Comfort Systems USA Stock Performance

Shares of FIX opened at $317.67 on Wednesday. The company has a market cap of $11.33 billion, a PE ratio of 35.30 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $266.12 and a 200-day moving average price of $214.38. Comfort Systems USA has a 12-month low of $127.09 and a 12-month high of $329.43.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. Comfort Systems USA’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. As a group, equities analysts forecast that Comfort Systems USA will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.31%. Comfort Systems USA’s payout ratio is currently 11.11%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the transaction, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,614 shares of company stock worth $13,739,345. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several hedge funds have recently made changes to their positions in FIX. Baillie Gifford & Co. purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $202,433,000. Capital World Investors increased its stake in shares of Comfort Systems USA by 32.3% during the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after buying an additional 570,560 shares during the period. Alliancebernstein L.P. increased its stake in shares of Comfort Systems USA by 417.5% during the fourth quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock valued at $61,501,000 after buying an additional 431,146 shares during the period. Norges Bank purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $49,490,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $87,733,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.