Comfort Systems USA, Inc. (FIX) Given Consensus Recommendation of “Hold” by Brokerages
Comfort Systems USA, Inc. (NYSE:FIX) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $83.00.
A number of brokerages have recently issued reports on FIX. Zacks Investment Research cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC upped their price objective on Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
Comfort Systems USA (FIX) traded down 1.06% during trading on Tuesday, hitting $32.70. 27,593 shares of the stock were exchanged. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 19.69 and a beta of 1.26. The firm’s 50 day moving average price is $35.34 and its 200-day moving average price is $35.35. Comfort Systems USA has a 1-year low of $26.05 and a 1-year high of $39.67.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The company had revenue of $465.41 million for the quarter, compared to the consensus estimate of $462.06 million. During the same quarter in the prior year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts anticipate that Comfort Systems USA will post $1.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.96%.
In related news, Director Alan Krusi sold 2,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total value of $67,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Franklin Myers purchased 5,482 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the purchase, the chairman now owns 205,000 shares in the company, valued at approximately $6,883,900. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of FIX. The Manufacturers Life Insurance Company boosted its stake in Comfort Systems USA by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock worth $1,075,000 after buying an additional 89 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Comfort Systems USA during the second quarter worth $1,002,000. State Street Corp boosted its stake in Comfort Systems USA by 4.4% in the second quarter. State Street Corp now owns 930,260 shares of the construction company’s stock worth $34,517,000 after buying an additional 39,200 shares during the period. QS Investors LLC boosted its stake in Comfort Systems USA by 44.2% in the second quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock worth $3,591,000 after buying an additional 29,658 shares during the period. Finally, Stifel Financial Corp boosted its stake in Comfort Systems USA by 17.6% in the second quarter. Stifel Financial Corp now owns 417,254 shares of the construction company’s stock worth $15,463,000 after buying an additional 62,344 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.
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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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