Comfort Systems USA, Inc. (NYSE:FIX) Stock Has Average Target Price of $2,082.86 According to Analysts

Comfort Systems USA, Inc. (NYSE:FIX) has earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $2,082.86.

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. DA Davidson assumed coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Comfort Systems USA in a report on Tuesday, September 15th.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Comfort Systems USA in the 2nd quarter worth about $6,734,037,000. Amundi raised its holdings in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after buying an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC raised its holdings in shares of Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after buying an additional 29,970 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comfort Systems USA by 38.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company’s stock worth $400,245,000 after buying an additional 55,938 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 0.0%

Shares of NYSE:FIX opened at $1,715.28 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market cap of $60.36 billion, a price-to-earnings ratio of 42.19 and a beta of 1.66. The stock’s 50-day moving average price is $1,662.51 and its two-hundred day moving average price is $1,726.43. Comfort Systems USA has a 12-month low of $770.47 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.53 EPS. On average, research analysts forecast that Comfort Systems USA will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is currently 8.85%.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.