Comfort Systems USA, Inc. (NYSE:FIX) Receives $819.20 Consensus Target Price from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $819.20.

FIX has been the subject of several analyst reports. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Stifel Nicolaus set a $1,069.00 target price on shares of Comfort Systems USA in a report on Friday, October 24th. Finally, Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th.

Insider Buying and Selling at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the transaction, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,078 shares of company stock worth $15,242,037. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA during the third quarter worth $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth about $25,000. Ameriflex Group Inc. raised its position in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the 2nd quarter valued at about $27,000. Finally, Stone House Investment Management LLC purchased a new position in Comfort Systems USA in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.0%

NYSE:FIX opened at $919.94 on Friday. The firm has a market capitalization of $32.45 billion, a P/E ratio of 38.95 and a beta of 1.55. Comfort Systems USA has a 1-year low of $276.44 and a 1-year high of $1,020.26. The company’s fifty day moving average price is $863.37 and its 200-day moving average price is $674.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, equities research analysts anticipate that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s payout ratio is currently 10.16%.

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.