Comfort Systems USA (NYSE:FIX) Rating Lowered to Hold at StockNews.com

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

Other equities analysts have also issued research reports about the stock. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Trading Down 0.6 %

Shares of FIX stock opened at $450.18 on Thursday. Comfort Systems USA has a 52-week low of $194.30 and a 52-week high of $510.79. The business’s fifty day moving average is $456.36 and its 200 day moving average is $385.11. 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 company has a market capitalization of $16.02 billion, a PE ratio of 34.44 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $2.74 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at approximately $38,000. V Square Quantitative Management LLC boosted its position in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after acquiring an additional 47 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. raised its position in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares in the last quarter. 96.51% of the stock is currently owned by 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.