Comfort Systems USA (NYSE:FIX) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Comfort Systems USA (NYSE:FIX) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. William Blair started coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,003.50 on Friday. The firm’s 50 day simple moving average is $957.00 and its 200 day simple moving average is $784.36. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $1,036.67. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 42.49 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, sell-side analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds have recently bought and sold shares of FIX. Invesco Ltd. grew its position in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after acquiring an additional 46,773 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after purchasing an additional 53,125 shares during the period. Jones Financial Companies Lllp increased its stake in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the period. Finally, Geode Capital Management LLC raised its stake in Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after purchasing an additional 3,032 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.