Comfort Systems USA (NYSE:FIX) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other research firms have also recently commented on FIX. Stifel Nicolaus decreased their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. UBS Group increased their target price 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. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Down 1.7 %

Shares of FIX opened at $372.67 on Tuesday. The company’s 50-day moving average price is $403.89 and its 200 day moving average price is $418.99. Comfort Systems USA has a 12-month low of $272.93 and a 12-month high of $553.09. 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 firm has a market cap of $13.25 billion, a P/E ratio of 25.51 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, sell-side analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. Comfort Systems USA’s payout ratio is 10.95%.

Institutional Trading of Comfort Systems USA

A number of large investors have recently modified their holdings of the stock. Consolidated Planning Corp increased its holdings in Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares during the period. Diversified Trust Co acquired a new position in shares of Comfort Systems USA during the fourth quarter worth about $2,998,000. Zacks Investment Management increased its stake in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares during the period. Raymond James Financial Inc. acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $39,038,000. Finally, Commerce Bank acquired a new stake in Comfort Systems USA in the third quarter valued at approximately $511,000. Hedge funds and other 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.