Comfort Systems USA, Inc. (NYSE:FIX) Receives $2,057.86 Average Target Price from Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $2,082.8571.

Several research firms recently commented on FIX. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. KeyCorp lifted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th.

Comfort Systems USA Stock Down 0.9%

Comfort Systems USA stock opened at $1,658.28 on Friday. Comfort Systems USA has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a 50 day moving average price of $1,783.64 and a 200 day moving average price of $1,655.08. The company has a market capitalization of $58.35 billion, a PE ratio of 40.78 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.53 earnings per share. Research analysts expect that Comfort Systems USA will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

Insiders Place Their Bets

In other news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,096 shares of company stock worth $31,186,647 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds and other institutional investors have recently bought and sold shares of FIX. Prudential PLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $6,922,000. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Moran Wealth Management LLC lifted its position in Comfort Systems USA by 34.0% in the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after acquiring an additional 7,192 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after acquiring an additional 625,567 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

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.