Gilford Securities cut shares of Comfort Systems USA, Inc. (NYSE:FIX) from a buy rating to a neutral rating in a research note published on Friday.

A number of other brokerages have also recently weighed in on FIX. Zacks Investment Research upgraded Comfort Systems USA from a sell rating to a hold rating in a research report on Wednesday, November 1st. DA Davidson upped their price target on Comfort Systems USA to $43.00 and gave the company a neutral rating in a research report on Monday, October 30th. Finally, Guggenheim cut Comfort Systems USA from a buy rating to a neutral rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $63.00.

Shares of Comfort Systems USA (NYSE FIX) opened at $40.45 on Friday. Comfort Systems USA has a 1 year low of $31.75 and a 1 year high of $44.67. The firm has a market capitalization of $1,528.07, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The firm had revenue of $480.85 million for the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the prior year, the business posted $0.54 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. equities research analysts anticipate that Comfort Systems USA will post 1.78 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 9th. Comfort Systems USA’s dividend payout ratio is currently 17.44%.

In other news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Shaeff sold 15,905 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total value of $678,348.25. Following the transaction, the insider now directly owns 35,472 shares in the company, valued at approximately $1,512,880.80. The disclosure for this sale can be found here. In the last three months, insiders sold 35,905 shares of company stock worth $1,530,088. Insiders own 3.48% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its stake in Comfort Systems USA by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after buying an additional 173 shares during the period. Riverhead Capital Management LLC lifted its stake in Comfort Systems USA by 85.2% in the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock valued at $110,000 after buying an additional 1,363 shares during the period. Advisor Group Inc. lifted its stake in Comfort Systems USA by 27.2% in the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock valued at $122,000 after buying an additional 706 shares during the period. Victory Capital Management Inc. lifted its stake in Comfort Systems USA by 11.5% in the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock valued at $195,000 after buying an additional 542 shares during the period. Finally, Biltmore Wealth Management LLC acquired a new position in Comfort Systems USA in the second quarter valued at about $209,000. 94.16% 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 mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Analyst Recommendations for Comfort Systems USA (NYSE:FIX)

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