Comfort Systems USA, Inc. (NYSE:FIX) Receives $2,082.86 Average Price Target from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2,082.8571.

Several research analysts recently issued reports on the company. Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a report on Tuesday. Finally, The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective on the stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,587.39 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $1,677.74 and a two-hundred day moving average price of $1,692.61. Comfort Systems USA has a twelve month low of $757.00 and a twelve month high of $2,073.99. The company has a market capitalization of $55.86 billion, a P/E ratio of 39.04 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.53 earnings per share. As a group, research analysts expect that Comfort Systems USA will post 48.15 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. Corporate insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $6,734,037,000. Geode Capital Management LLC lifted its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after buying an additional 332,441 shares during the period. Amundi lifted its position in Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after buying an additional 156,069 shares during the period. Value Aligned Research Advisors LLC boosted its stake in Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after buying an additional 29,970 shares during the last quarter. Finally, Norges Bank acquired a new stake in Comfort Systems USA in the 4th quarter worth about $469,606,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.