Comfort Systems USA, Inc. (NYSE:FIX) Receives $481.00 Consensus Target Price from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $481.00.

Several equities research analysts have recently weighed in on FIX shares. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price target for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 price target for the company. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business’s 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 sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,746 shares of company stock valued at $14,684,140. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in FIX. CANADA LIFE ASSURANCE Co lifted its position in Comfort Systems USA by 14.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock valued at $7,594,000 after purchasing an additional 3,059 shares during the last quarter. Shell Asset Management Co. boosted its position in Comfort Systems USA by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock valued at $502,000 after buying an additional 426 shares during the period. CreativeOne Wealth LLC purchased a new stake in Comfort Systems USA during the 1st quarter valued at $1,044,000. Axxcess Wealth Management LLC bought a new stake in Comfort Systems USA in the 1st quarter worth $206,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of Comfort Systems USA in the first quarter valued at about $2,383,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $491.06 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 37.57 and a beta of 1.13. Comfort Systems USA has a 1 year low of $185.83 and a 1 year high of $494.50. The company has a fifty day moving average price of $413.47 and a 200-day moving average price of $353.57.

Comfort Systems USA (NYSE:FIX) last issued its earnings results 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.74 earnings per share. As a group, equities research analysts predict that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.29%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

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.