Wall Street Zen Upgrades Comfort Systems USA (NYSE:FIX) to Buy

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

Other research analysts have also issued research reports about the stock. DA Davidson raised their price target 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. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $13.80 during midday trading on Friday, hitting $487.53. 502,968 shares of the company's stock were exchanged, compared to its average volume of 438,096. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 33.37 and a beta of 1.51. Comfort Systems USA has a 12-month low of $272.93 and a 12-month high of $553.09. The firm's 50 day simple moving average is $415.11 and its 200 day simple moving average is $419.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the company posted $2.69 earnings per share. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. Equities research analysts predict that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.37%. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Institutional Trading of Comfort Systems USA

Hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC boosted 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 purchasing an additional 27 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $31,000. Versant Capital Management Inc raised its holdings in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

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.