Comfort Systems USA, Inc. (FIX) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Comfort Systems USA, Inc. (NYSE:FIX) from a sell rating to a hold rating in a report released on Thursday morning.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “
Separately, BidaskClub downgraded shares of Comfort Systems USA from a sell rating to a strong sell rating in a research note on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $63.00.
Comfort Systems USA (NYSE:FIX) traded up 1.31% on Thursday, hitting $34.85. 74,376 shares of the company’s stock traded hands. The stock has a market cap of $1.30 billion, a PE ratio of 20.98 and a beta of 1.26. Comfort Systems USA has a one year low of $26.90 and a one year high of $39.67. The stock has a 50-day moving average of $33.48 and a 200-day moving average of $35.12.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $465.41 million for the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities analysts forecast that Comfort Systems USA will post $1.76 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, August 10th. Comfort Systems USA’s dividend payout ratio is currently 17.96%.
In other news, Director Alan Krusi sold 2,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total value of $67,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Franklin Myers purchased 5,482 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $33.58 per share, with a total value of $184,085.56. Following the acquisition, the chairman now directly owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. 3.49% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FIX. Public Employees Retirement System of Ohio increased its holdings in Comfort Systems USA by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after acquiring an additional 173 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Comfort Systems USA by 85.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after purchasing an additional 1,363 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $117,000. Advisor Group Inc. boosted its stake in shares of Comfort Systems USA by 27.2% during the 2nd quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after purchasing an additional 706 shares during the last quarter. Finally, RE Advisers Corp acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $135,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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