Comfort Systems USA (NYSE:FIX) Cut to Hold at StockNews.com

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

Several other research analysts have also recently commented on the stock. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Trading Down 2.3 %

Shares of NYSE FIX opened at $439.72 on Thursday. Comfort Systems USA has a 12-month low of $198.30 and a 12-month high of $510.79. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 33.64 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $457.31 and its 200 day simple moving average is $386.41.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share. Equities research analysts expect that Comfort Systems USA will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated 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 approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in shares of Comfort Systems USA by 44.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,063 shares of the construction company’s stock valued at $627,000 after purchasing an additional 632 shares during the period. National Bank of Canada FI increased its position in shares of Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after acquiring an additional 149 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Comfort Systems USA by 15.8% during the second quarter. Savant Capital LLC now owns 1,917 shares of the construction company’s stock valued at $583,000 after acquiring an additional 261 shares during the period. Caprock Group LLC lifted its position in shares of Comfort Systems USA by 9.8% in the 2nd quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after acquiring an additional 63 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in Comfort Systems USA by 652.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,536 shares of the construction company’s stock worth $467,000 after purchasing an additional 1,332 shares during the period. 96.51% of the stock is currently owned by institutional investors.

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.