Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have earned a consensus recommendation of "Buy" from the five research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $572.60.

Several research firms recently issued reports on FIX. DA Davidson raised their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Stifel Nicolaus lifted 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.

Comfort Systems USA Stock Performance

FIX opened at $540.11 on Friday. Comfort Systems USA has a twelve month low of $272.93 and a twelve month high of $553.09. The firm has a market capitalization of $19.06 billion, a PE ratio of 32.40 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average price is $492.24 and its 200 day moving average price is $427.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the firm posted $2.69 EPS. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director directly owned 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the sale, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last three months. Company insiders own 1.59% of the company's stock.

Institutional Trading of Comfort Systems USA

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock valued at $1,225,673,000 after purchasing an additional 21,847 shares during the last quarter. FMR LLC grew its stake in shares of Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in Comfort Systems USA by 0.5% in the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after buying an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp increased its holdings 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 buying an additional 832,999 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

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.

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