Comfort Systems USA (NYSE:FIX) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Comfort Systems USA (NYSE:FIX – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

FIX has been the topic of several other research reports. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a report on Friday, October 24th. UBS Group boosted their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $892.75.

Get Our Latest Stock Analysis on Comfort Systems USA

Comfort Systems USA Trading Down 0.1%

Shares of FIX opened at $967.28 on Friday. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,036.67. The stock has a market cap of $34.12 billion, a PE ratio of 40.95 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $926.75 and its 200-day moving average price is $741.80.

Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million during the quarter. On average, equities analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insider Activity

In other news, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the sale, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This represents a 38.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by insiders.

Institutional Trading of Comfort Systems USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp bought a new stake in Comfort Systems USA during the third quarter valued at about $25,000. Quent Capital LLC bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its stake in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $27,000. Finally, Eastern Bank bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $31,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

(Get Free Report)

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.

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