Comfort Systems USA (NYSE:FIX) Earns Buy Rating from Analysts at Northcoast Research

Northcoast Research began coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report report published on Friday, MarketBeat reports. The brokerage issued a buy rating and a $525.00 price objective on the construction company’s stock.

A number of other research analysts have also commented on FIX. Stifel Nicolaus began coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $396.00 to $525.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Comfort Systems USA Trading Up 0.3 %

FIX stock opened at $491.21 on Friday. Comfort Systems USA has a one year low of $185.83 and a one year high of $494.50. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 37.58 and a beta of 1.13. The company has a fifty day moving average price of $410.60 and a two-hundred day moving average price of $352.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.74 EPS. Equities analysts anticipate that Comfort Systems USA will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.29%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now owns 106,498 shares of the company’s stock, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,746 shares of company stock valued at $14,684,140 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Comfort Systems USA

A number of large investors have recently bought and sold shares of the business. Covestor Ltd boosted its holdings in shares of Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after buying an additional 31 shares in the last quarter. Signaturefd LLC boosted its stake in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after purchasing an additional 34 shares during the period. CIBC Asset Management Inc increased its stake in Comfort Systems USA by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after purchasing an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP raised its holdings in shares of Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock valued at $673,000 after purchasing an additional 40 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.