Comfort Systems USA, Inc. (NYSE:FIX) Given Average Rating of “Buy” by Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned an average recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $517.60.

FIX has been the subject of several analyst reports. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director now directly owns 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in shares of Comfort Systems USA by 23.4% in the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after purchasing an additional 4,331 shares during the period. World Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the third quarter worth about $1,137,000. Franklin Resources Inc. increased its position in shares of Comfort Systems USA by 0.8% in the third quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock worth $69,402,000 after acquiring an additional 1,236 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Comfort Systems USA by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 641 shares of the construction company’s stock valued at $272,000 after acquiring an additional 79 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $271,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 3.4 %

Shares of NYSE:FIX opened at $432.11 on Monday. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09. The company’s 50 day moving average is $349.33 and its two-hundred day moving average is $412.03. The company has a market cap of $15.24 billion, a PE ratio of 29.58 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company posted $2.69 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.42%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

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.