Comfort Systems USA, Inc. (NYSE:FIX) Receives $493.50 Average PT from Brokerages

Comfort Systems USA, Inc. (NYSE:FIX) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $493.50.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. UBS Group upped their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company.

Comfort Systems USA Stock Up 0.7 %

Shares of Comfort Systems USA stock opened at $438.44 on Tuesday. Comfort Systems USA has a 52-week low of $194.30 and a 52-week high of $510.79. The firm’s 50 day moving average price is $447.26 and its 200-day moving average price is $373.60. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $15.61 billion, a P/E ratio of 33.55 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $2.74 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in Comfort Systems USA by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after buying an additional 1,236 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Comfort Systems USA in the third quarter valued at approximately $1,137,000. Sanctuary Advisors LLC lifted its position in shares of Comfort Systems USA by 48.9% in the third quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock valued at $1,157,000 after acquiring an additional 974 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Comfort Systems USA by 45.3% in the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company’s stock worth $424,000 after acquiring an additional 339 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Comfort Systems USA by 22.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company’s stock valued at $167,000 after purchasing an additional 79 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, 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.