Comfort Systems USA (NYSE:FIX) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Comfort Systems USA (NYSE:FIXFree Report) from a hold rating to a buy rating in a research note published on Friday morning.

A number of other research firms also recently weighed in on FIX. UBS Group upped their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a neutral rating in a research report on Thursday, February 15th. DA Davidson lifted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a buy rating in a research note on Wednesday, February 28th.

Get Our Latest Stock Report on Comfort Systems USA

Comfort Systems USA Stock Performance

NYSE:FIX traded down $5.37 during mid-day trading on Friday, hitting $316.23. 489,399 shares of the stock were exchanged, compared to its average volume of 402,235. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 31.31 and a beta of 1.20. The firm’s 50-day simple moving average is $314.84 and its 200 day simple moving average is $251.68. Comfort Systems USA has a fifty-two week low of $144.45 and a fifty-two week high of $352.45.

Comfort Systems USA (NYSE:FIXGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.51 EPS. The business’s revenue was up 30.8% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s payout ratio is 11.88%.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO William George III sold 8,429 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 51,102 shares of company stock valued at $15,285,379 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $202,433,000. Capital World Investors increased its holdings in shares of Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after acquiring an additional 451,852 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $87,733,000. Norges Bank bought a new position in shares of Comfort Systems USA in the 4th quarter worth $81,299,000. Finally, FMR LLC grew its position in Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after purchasing an additional 216,200 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

(Get Free Report)

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.

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