Comfort Systems USA, Inc. (FIX) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain moderately bullish: Ten analysts rate Comfort Systems USA a consensus “Moderate Buy,” with eight buy ratings and two holds. The average 12-month price target is $1,916.14, though several firms recently lowered ratings or targets.
• Latest results exceeded expectations: Quarterly earnings were $13.91 per share versus the $12.85 consensus, while revenue reached $3.77 billion, up 53.7% year over year and above estimates.
• The stock has pulled back and the dividend was reduced: Shares opened at $1,322.25, well below their 52-week high of $2,073.99. The quarterly dividend was cut from $0.90 to $0.10 per share, while insiders sold more than $43 million of stock over the past three months.

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $1,916.14.

A number of analysts have recently weighed in on FIX shares. Weiss Ratings downgraded shares of Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. DA Davidson set a $1,850.00 price target on shares of Comfort Systems USA in a research note on Monday. Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a report on Monday. Oppenheimer reduced their price objective on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th.

Comfort Systems USA Trading Down 1.7%

Shares of FIX opened at $1,322.25 on Friday. The company has a market capitalization of $46.27 billion, a P/E ratio of 28.55 and a beta of 1.66. Comfort Systems USA has a one year low of $841.66 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15. The stock has a 50-day moving average price of $1,570.19 and a 200 day moving average price of $1,596.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating analysts' consensus estimates of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $8.25 EPS. Comfort Systems USA's quarterly revenue was up 53.7% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA will post 50.63 EPS for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Comfort Systems USA's previous quarterly dividend of $0.90. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. Comfort Systems USA's dividend payout ratio is 7.77%.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 16,024 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,078 shares of company stock worth $43,211,828. Corporate insiders own 1.24% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently made changes to their positions in FIX. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA during the second quarter worth $6,734,037,000. Amundi lifted its holdings in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company's stock valued at $580,521,000 after purchasing an additional 156,069 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Comfort Systems USA by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company's stock valued at $385,800,000 after purchasing an additional 14,423 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Comfort Systems USA by 12.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company's stock valued at $348,856,000 after purchasing an additional 28,712 shares during the period. Finally, Value Aligned Research Advisors LLC increased its stake in Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock worth $482,817,000 after purchasing an additional 29,970 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc NYSE: FIX is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.

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