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

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $1,991.50.

FIX has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Erste Group Bank assumed coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,078 shares of company stock worth $46,651,175. Corporate insiders own 1.24% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in Comfort Systems USA by 17.3% during the 1st quarter. Parallel Advisors LLC now owns 663 shares of the construction company’s stock valued at $914,000 after acquiring an additional 98 shares during the period. NewEdge Advisors LLC lifted its stake in Comfort Systems USA by 7.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,964 shares of the construction company’s stock valued at $6,845,000 after acquiring an additional 340 shares during the period. Glenmede Trust Co. NA lifted its stake in Comfort Systems USA by 26.9% during the 1st quarter. Glenmede Trust Co. NA now owns 424 shares of the construction company’s stock valued at $585,000 after acquiring an additional 90 shares during the period. Groupama Asset Managment acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $593,000. Finally, Argent Capital Management LLC lifted its stake in shares of Comfort Systems USA by 20.8% in the 1st quarter. Argent Capital Management LLC now owns 6,985 shares of the construction company’s stock valued at $9,632,000 after purchasing an additional 1,202 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 0.4%

FIX stock opened at $1,851.28 on Tuesday. The firm has a 50 day moving average of $1,744.97 and a 200 day moving average of $1,364.02. The stock has a market capitalization of $65.17 billion, a PE ratio of 53.41 and a beta of 1.66. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA has a 52 week low of $469.16 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the business earned $4.75 EPS. Sell-side analysts forecast that Comfort Systems USA will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Comfort Systems USA Company Profile

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.