Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High – Time to Buy?

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $1,845.00 and last traded at $1,840.8030, with a volume of 231431 shares changing hands. The stock had previously closed at $1,724.14.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIX. Stifel Nicolaus lifted their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. DA Davidson lifted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, UBS Group lifted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,923.20.

Comfort Systems USA Price Performance

The stock has a market capitalization of $64.93 billion, a P/E ratio of 53.22 and a beta of 1.60. The stock’s fifty day moving average is $1,488.24 and its 200-day moving average is $1,181.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company earned $4.75 EPS. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 39.28 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be issued a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.08%.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares in the company, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Sandbrook sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 37,288 shares of company stock worth $53,677,038. 1.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its holdings in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares during the last quarter. Caerus Investment Advisors LLC acquired a new position in shares of Comfort Systems USA during the third quarter valued at about $767,000. Private Advisor Group LLC raised its position in shares of Comfort Systems USA by 50.1% during the third quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock valued at $6,420,000 after buying an additional 2,598 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Comfort Systems USA by 3,378.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock valued at $79,079,000 after buying an additional 82,295 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.