Comfort Systems USA, Inc. (NYSE:FIX) Receives Consensus Rating of "Buy" from Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have received a consensus recommendation of "Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $525.80.

FIX has been the topic of several research reports. Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock valued at $14,642,235 over the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently modified their holdings of the business. WBI Investments LLC lifted its holdings in Comfort Systems USA by 26.9% in the first quarter. WBI Investments LLC now owns 628 shares of the construction company's stock worth $202,000 after purchasing an additional 133 shares during the period. Intech Investment Management LLC lifted its position in shares of Comfort Systems USA by 21.2% in the 1st quarter. Intech Investment Management LLC now owns 49,022 shares of the construction company's stock valued at $15,801,000 after acquiring an additional 8,569 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Empowered Funds LLC increased its holdings in shares of Comfort Systems USA by 1,155.2% in the 1st quarter. Empowered Funds LLC now owns 34,004 shares of the construction company's stock valued at $10,961,000 after purchasing an additional 31,295 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $753,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 1.2%

FIX traded down $5.61 during trading on Friday, reaching $479.79. The company had a trading volume of 23,032 shares, compared to its average volume of 437,455. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 12 month low of $272.93 and a 12 month high of $553.09. The business's fifty day moving average price is $388.71 and its 200 day moving average price is $417.71. The company has a market cap of $16.92 billion, a P/E ratio of 32.86 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 earnings per share. Equities analysts anticipate that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

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.