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

Key Points

• Comfort Systems USA has a consensus “Buy” rating from 11 analysts, with nine buys, one hold and one strong buy. The average 12-month price target is approximately $2,057.86.
• The company reported quarterly EPS of $12.53, beating estimates of $10.45, while revenue rose 50.3% year over year to $3.27 billion. Analysts expect full-year EPS of $46.77.
• Comfort Systems USA increased its quarterly dividend to $0.90 per share from $0.80, representing an annualized dividend of $3.60 and a 0.2% yield.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has earned a consensus recommendation of "Buy" from the eleven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2,057.8571.

Several equities research analysts have issued reports on FIX shares. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Erste Group Bank downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. UBS Group upped their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group assumed coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price target for the company.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,774.19 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA has a 1-year low of $655.96 and a 1-year high of $2,073.99. The firm has a market capitalization of $62.43 billion, a P/E ratio of 43.63 and a beta of 1.69. The business's 50-day simple moving average is $1,793.06 and its 200-day simple moving average is $1,634.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company earned $6.53 EPS. The company's revenue was up 50.3% on a year-over-year basis. Equities analysts predict that Comfort Systems USA will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.85%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares of the company's stock, valued at $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,542 shares of company stock valued at $26,437,101. Insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIX. Prudential PLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at approximately $6,922,000. Ethic Inc. boosted its position in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock worth $1,565,000 after acquiring an additional 748 shares during the period. BNP Paribas Financial Markets boosted its position in Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock worth $53,383,000 after acquiring an additional 39,888 shares during the period. Moran Wealth Management LLC grew its stake in shares of Comfort Systems USA by 34.0% in the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company's stock worth $26,465,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock worth $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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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