Shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Free Report) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $2,082.8571.
FIX has been the topic of a number of recent research reports. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a report on Monday, July 27th. KeyCorp lifted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a research note on Thursday, August 20th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th.
Read Our Latest Stock Analysis on FIX
Comfort Systems USA Stock Performance
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $6.53 EPS. The firm’s revenue was up 50.3% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA will post 47.2 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.
Insider Buying and Selling
In related news, insider Brian Lane sold 16,024 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider directly owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,778 shares of company stock valued at $56,306,777 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.
Institutional Trading of Comfort Systems USA
A number of institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in Comfort Systems USA by 13.9% in the second quarter. Sequoia Financial Advisors LLC now owns 3,302 shares of the construction company’s stock worth $6,545,000 after acquiring an additional 402 shares in the last quarter. IPG Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $1,833,000. Archford Capital Strategies LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $918,000. Gemmer Asset Management LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $242,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Comfort Systems USA by 10.0% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 629 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 57 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.
The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.
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