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

Key Points

• Analysts give Comfort Systems USA a consensus Buy rating from seven covering firms, with an average 12‑month price target of $1,573.67.
• The company reported strong quarterly results — EPS $9.37 vs. $6.75 consensus and revenue $2.65B vs. $2.34B — with revenue up 41.7% year‑over‑year.
• Insiders have sold 37,288 shares (~$53.7M) in the past three months; insiders now own 1.59% of the stock while institutional investors hold about 96.51%.

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have received a consensus rating of "Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1,573.6667.

FIX has been the subject of several research analyst reports. Wall Street Zen downgraded Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 3rd. UBS Group reissued a "buy" rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd.

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares in the company, valued at $13,229,471.12. This represents a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 9,365 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider owned 171,523 shares of the company's stock, valued at $249,243,501.76. This trade represents a 5.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently modified their holdings of the stock. Creek Drive Management Group LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $1,540,000. Hsbc Holdings PLC raised its stake in shares of Comfort Systems USA by 754.5% during the fourth quarter. Hsbc Holdings PLC now owns 59,321 shares of the construction company's stock worth $55,483,000 after purchasing an additional 52,379 shares during the last quarter. World Investment Advisors raised its stake in shares of Comfort Systems USA by 31.4% during the fourth quarter. World Investment Advisors now owns 1,689 shares of the construction company's stock worth $1,576,000 after purchasing an additional 404 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Comfort Systems USA by 48.0% during the fourth quarter. Corient Private Wealth LLC now owns 2,782 shares of the construction company's stock worth $2,596,000 after purchasing an additional 902 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,594.23 on Monday. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 55.16 and a beta of 1.60. Comfort Systems USA has a 52-week low of $321.95 and a 52-week high of $1,614.00. The stock has a 50 day moving average price of $1,376.16 and a 200 day moving average price of $1,104.40. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company's revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.09 earnings per share. Research analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is currently 9.69%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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