Analysts Set Comfort Systems USA, Inc. (NYSE:FIX) PT at $525.80

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has received an average recommendation of "Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $525.80.

Several equities research analysts have weighed in on FIX shares. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. DA Davidson boosted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company 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 company a "buy" rating in a research note on Friday, May 23rd.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider now directly owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 over the last 90 days. Corporate insiders own 1.59% 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 FIX. Vanguard Group Inc. increased its position in Comfort Systems USA by 0.6% during 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 buying an additional 21,847 shares in the last quarter. FMR LLC boosted its holdings in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Comfort Systems USA by 0.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock worth $286,757,000 after purchasing an additional 4,512 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Comfort Systems USA by 2,872,410.3% during the 1st 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% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after acquiring an additional 21,406 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX traded up $5.30 during trading hours on Tuesday, hitting $500.67. 30,547 shares of the company's stock traded hands, compared to its average volume of 435,797. The firm has a market cap of $17.66 billion, a P/E ratio of 30.15 and a beta of 1.51. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $436.56 and its two-hundred day simple moving average is $419.68. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (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 return on equity of 36.35% and a net margin of 8.13%. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.69 EPS. On average, research analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.36%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 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.