Comfort Systems USA (NYSE:FIX) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of Comfort Systems USA (NYSE:FIX - Free Report) from a buy rating to a hold rating in a report released on Saturday.

FIX has been the subject of several other reports. DA Davidson lifted their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. Stifel Nicolaus increased their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $558.80.

Comfort Systems USA Stock Down 0.1%

Shares of Comfort Systems USA stock traded down $0.48 on Friday, hitting $540.50. 280,634 shares of the company's stock traded hands, compared to its average volume of 412,595. 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 firm's 50-day moving average is $479.46 and its 200 day moving average is $423.68. The stock has a market cap of $19.07 billion, a P/E ratio of 32.42 and a beta of 1.51. 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 released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company's revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 EPS. Equities analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 over the last ninety days. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $31,000. Versant Capital Management Inc boosted its holdings in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

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.