Analysts Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $493.50

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $493.50.

A number of research analysts have weighed in on FIX shares. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $138,987,000. Millennium Management LLC lifted its stake in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares in the last quarter. Jennison Associates LLC boosted its position in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after buying an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at about $29,743,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $435.22 on Tuesday. The business has a 50-day simple moving average of $446.81 and a two-hundred day simple moving average of $372.25. The company has a market cap of $15.49 billion, a PE ratio of 33.30 and a beta of 1.18. 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 has a fifty-two week low of $194.30 and a fifty-two week high of $510.79.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, equities analysts expect that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is 10.71%.

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.