Comfort Systems USA (NYSE:FIX) Hits New 1-Year High – Here’s Why

Comfort Systems USA, Inc. (NYSE:FIX)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1,673.61 and last traded at $1,673.5210, with a volume of 120649 shares. The stock had previously closed at $1,650.47.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Glj Research initiated coverage on Comfort Systems USA in a report on Monday. They set a “buy” rating and a $2,001.00 target price on the stock. Finally, DA Davidson lifted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,732.50.

Comfort Systems USA Price Performance

The stock has a 50 day moving average of $1,438.47 and a two-hundred day moving average of $1,145.55. The stock has a market cap of $60.74 billion, a PE ratio of 59.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA’s revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS. Equities analysts anticipate that Comfort Systems USA, Inc. will post 37.06 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the sale, the director owned 9,166 shares of the company’s stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 in the last three months. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $25,000. Ameriflex Group Inc. boosted its position in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth about $28,000. Eastern Bank acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $31,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA during the 4th quarter worth about $33,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.