Comfort Systems USA, Inc. (NYSE:FIX) Receives Average Rating of “Buy” from Brokerages

Comfort Systems USA, Inc. (NYSE:FIX) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1,969.3333.

Several research analysts recently weighed in on FIX shares. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group upped their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the transaction, the director owned 68,983 shares in the company, valued at $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. grew its position in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Comfort Systems USA during the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co bought a new position in Comfort Systems USA during the first quarter valued at approximately $46,000. Ascentis Independent Advisors bought a new position in Comfort Systems USA during the first quarter valued at approximately $46,000. Finally, Brown Lisle Cummings Inc. bought a new position in Comfort Systems USA during the first quarter valued at approximately $47,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Down 2.4%

FIX stock opened at $1,783.45 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $1,699.15 and its 200 day moving average is $1,330.69. The stock has a market cap of $62.78 billion, a price-to-earnings ratio of 51.46 and a beta of 1.66. Comfort Systems USA has a 1-year low of $465.05 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $4.75 earnings per share. Sell-side analysts predict that Comfort Systems USA will post 43.38 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

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.