Comfort Systems USA, Inc. (NYSE:FIX) Receives $819.20 Consensus Price Target from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $819.20.

A number of brokerages recently weighed in on FIX. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group upped their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Finally, Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares in the company, valued at $30,990,417.88. This represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,078 shares of company stock valued at $15,242,037. Company insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after buying an additional 21,847 shares during the last quarter. Invesco Ltd. boosted its position in shares of Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after buying an additional 46,773 shares in the last quarter. AQR Capital Management LLC raised its stake in Comfort Systems USA by 6.8% during the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.1%

Shares of FIX stock opened at $907.29 on Friday. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,020.26. The stock has a market cap of $32.00 billion, a P/E ratio of 38.41 and a beta of 1.55. The stock has a 50 day moving average of $855.06 and a 200 day moving average of $667.53. 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 released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. As a group, sell-side analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is presently 10.16%.

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.