Stifel Nicolaus Begins Coverage on Comfort Systems USA (NYSE:FIX)

Stifel Nicolaus assumed coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report released on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $524.00 target price on the construction company’s stock.

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $376.00.

Comfort Systems USA Stock Performance

Shares of FIX opened at $445.02 on Friday. The firm has a fifty day moving average of $398.73 and a 200-day moving average of $348.11. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA has a 1 year low of $185.83 and a 1 year high of $474.62.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $2.74 EPS. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The trade was a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock worth $16,625,615 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds and other institutional investors have recently made changes to their positions in FIX. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC boosted its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter worth $41,000. Finally, True Wealth Design LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $53,000. 96.51% of the stock is currently owned by institutional investors.

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.