Comfort Systems USA, Inc. (NYSE:FIX) Given Average Rating of “Moderate Buy” by Analysts

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

A number of equities analysts have recently commented on FIX shares. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 target price on the stock. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $396.00 to $525.00 in a research note on Tuesday. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,746 shares of company stock worth $14,684,140. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its stake in Comfort Systems USA by 14.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock worth $7,594,000 after purchasing an additional 3,059 shares during the last quarter. Shell Asset Management Co. lifted its stake in Comfort Systems USA by 36.9% in the first quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock valued at $502,000 after buying an additional 426 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Comfort Systems USA during the first quarter valued at $1,044,000. Axxcess Wealth Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter valued at $206,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Comfort Systems USA during the first quarter valued at $2,383,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 0.0 %

Shares of NYSE:FIX traded up $0.21 during trading on Friday, hitting $490.18. 9,055 shares of the company were exchanged, compared to its average volume of 381,480. The stock has a market capitalization of $17.45 billion, a P/E ratio of 37.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 12-month low of $185.83 and a 12-month high of $494.50. The firm’s 50 day moving average price is $410.60 and its 200-day moving average price is $352.42.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is 10.71%.

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.