Comfort Systems USA, Inc. (NYSE:FIX) Given Average Rating of "Buy" by Analysts

Key Points

• Comfort Systems USA, Inc. has received an average analyst rating of "Buy", with an average target price set at $668.60.
• The company's CFO recently sold 8,436 shares at approximately $692.60 each, resulting in a significant decrease in their stock ownership.
• Comfort Systems USA reported $6.53 EPS in its latest earnings announcement, surpassing analyst expectations and demonstrating a 20.1% year-over-year revenue increase.

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $668.60.

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating for the company. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. Company insiders own 1.59% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC grew its position in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA during the 2nd quarter valued at about $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the 1st quarter valued at about $31,000. Versant Capital Management Inc grew its position in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $791.61 on Thursday. Comfort Systems USA has a 52-week low of $276.44 and a 52-week high of $825.00. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 40.68 and a beta of 1.54. The company has a fifty day moving average of $699.53 and a 200-day moving average of $523.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the prior year, the company earned $3.74 EPS. The firm's revenue was up 20.1% on a year-over-year basis. Equities research 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 was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

About Comfort Systems USA

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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