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

Key Points

• Comfort Systems USA, Inc. (NYSE:FIX) has received a consensus rating of "Moderate Buy" from eight brokerages, with an average 1-year target price of $735.80.
• The company recently declared an increased quarterly dividend of $0.50 per share, up from $0.45, representing an annualized yield of 0.2%.
• In recent insider transactions, CFO William George III sold 8,436 shares, leading to a 15.09% decrease in his ownership of the stock.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $735.80.

FIX has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating on the stock. UBS Group upped their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a report on Monday, October 13th.

Comfort Systems USA Price Performance

FIX opened at $827.02 on Monday. The firm has a market cap of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58. The firm has a 50-day moving average of $761.23 and a 200 day moving average of $583.68. 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 has a fifty-two week low of $276.44 and a fifty-two week high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. On average, research analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the sale, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after purchasing an additional 296 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC raised its stake in Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after purchasing an additional 3,644 shares in the last quarter. Spire Wealth Management raised its stake in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after purchasing an additional 90 shares in the last quarter. Finally, Lifestyle Asset Management Inc. raised its stake in Comfort Systems USA by 314.1% in the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company's stock valued at $2,078,000 after purchasing an additional 2,940 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.