Comfort Systems USA (NYSE:FIX) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports. They currently have $525.00 price target on the construction company’s stock, up from their previous price target of $396.00.

Several other equities research analysts have also commented on FIX. Stifel Nicolaus began 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 on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $466.33.

Comfort Systems USA Stock Up 5.2 %

FIX stock opened at $474.34 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a twelve month low of $185.83 and a twelve month high of $474.73. The company’s 50 day moving average is $401.57 and its two-hundred day moving average is $349.45. The stock has a market cap of $16.88 billion, a P/E ratio of 36.29 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company posted $2.74 EPS. The company’s quarterly revenue was up 31.5% on a year-over-year basis. Research analysts expect that Comfort Systems USA will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other 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 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 approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares during the period. State Street Corp boosted its stake in Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares in the last quarter. Geode Capital Management LLC boosted its stake in Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after buying an additional 47,929 shares in the last quarter. Federated Hermes Inc. boosted its stake in Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after buying an additional 8,578 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA during the third quarter valued at about $138,987,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.