Comfort Systems USA (NYSE:FIX) Upgraded at Wall Street Zen

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

FIX has been the topic of a number of other research reports. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group increased their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $819.20.

Comfort Systems USA Stock Performance

NYSE FIX opened at $978.28 on Friday. The business’s 50-day moving average price is $782.47 and its 200 day moving average price is $606.73. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,007.67. The company has a market capitalization of $34.50 billion, a PE ratio of 41.42 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 8.47%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in Comfort Systems USA during the 3rd quarter valued at $253,000. Eastern Bank bought a new position in Comfort Systems USA during the 3rd quarter valued at $31,000. Kera Capital Partners Inc. raised its stake in shares of Comfort Systems USA by 25.5% in the 3rd quarter. Kera Capital Partners Inc. now owns 552 shares of the construction company’s stock valued at $455,000 after purchasing an additional 112 shares in the last quarter. Liberty One Investment Management LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $463,000. Finally, Quent Capital LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $25,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.