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

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have received a consensus rating of "Buy" from the five brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $572.60.

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday. Finally, DA Davidson increased their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Comfort Systems USA by 13.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after acquiring an additional 296 shares during the period. Farther Finance Advisors LLC grew its stake in Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after acquiring an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after acquiring an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Comfort Systems USA by 256.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Comfort Systems USA by 9.8% during the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded down $2.33 during mid-day trading on Friday, reaching $540.62. The company had a trading volume of 239,866 shares, compared to its average volume of 413,586. Comfort Systems USA has a one year low of $272.93 and a one year high of $553.09. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 32.43 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 company's 50-day moving average price is $494.42 and its 200-day moving average price is $427.91.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.33%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is 10.80%.

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.