Comfort Systems USA (NYSE:FIX) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Comfort Systems USA (NYSE:FIX) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Separately, DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a buy rating in a report on Wednesday, February 28th.

Comfort Systems USA Trading Up 1.7 %

FIX opened at $327.19 on Wednesday. The firm’s fifty day moving average is $319.22 and its two-hundred day moving average is $273.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market cap of $11.69 billion, a PE ratio of 32.40 and a beta of 1.16. Comfort Systems USA has a twelve month low of $151.89 and a twelve month high of $352.45.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business posted $1.51 earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the transaction, the director now directly owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The disclosure for this sale can be found here. Insiders have sold a total of 7,961 shares of company stock worth $2,622,664 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIX. UBS Group AG grew its position in shares of Comfort Systems USA by 203.2% in the 3rd quarter. UBS Group AG now owns 21,249 shares of the construction company’s stock valued at $3,621,000 after acquiring an additional 14,241 shares during the period. Deutsche Bank AG grew its position in shares of Comfort Systems USA by 6.5% in the 3rd quarter. Deutsche Bank AG now owns 21,379 shares of the construction company’s stock valued at $3,643,000 after acquiring an additional 1,296 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Comfort Systems USA by 45.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,221 shares of the construction company’s stock valued at $2,514,000 after acquiring an additional 4,417 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $944,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Comfort Systems USA by 32.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 121,795 shares of the construction company’s stock valued at $20,755,000 after acquiring an additional 29,747 shares during the period. Institutional investors 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.