Comfort Systems USA (NYSE:FIX) Price Target Raised to $1,155.00

Comfort Systems USA (NYSE:FIX) had its target price increased by Stifel Nicolaus from $1,069.00 to $1,155.00 in a report released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Other analysts also recently issued research reports about the company. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. UBS Group raised their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, DA Davidson set a $810.00 price target on Comfort Systems USA in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $914.25.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $917.82 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a market cap of $32.37 billion, a PE ratio of 38.86 and a beta of 1.64. Comfort Systems USA has a 1 year low of $276.44 and a 1 year high of $1,036.67. The firm’s 50-day simple moving average is $932.19 and its 200-day simple moving average is $747.40.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a $0.60 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s payout ratio is presently 10.16%.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in shares of Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares in the last quarter. AQR Capital Management LLC grew its stake in Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares during the last quarter. Jones Financial Companies Lllp grew its position in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after purchasing an additional 3,032 shares during the last quarter. 96.51% of the stock is 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.