Comfort Systems USA (NYSE:FIX) Research Coverage Started at Northcoast Research

Northcoast Research initiated coverage on shares of Comfort Systems USA (NYSE:FIX) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $525.00 target price on the construction company’s stock.

FIX has been the topic of several other research reports. 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 price objective on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Trading Up 0.2 %

Shares of FIX stock opened at $491.06 on Friday. Comfort Systems USA has a 52-week low of $185.83 and a 52-week high of $494.50. The business’s fifty day moving average is $413.47 and its 200 day moving average is $353.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $17.48 billion, a PE ratio of 37.57 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during 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%. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, equities research analysts anticipate 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 issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.29%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,746 shares of company stock worth $14,684,140 in the last ninety days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently made changes to their positions in FIX. Comerica Bank raised its holdings in Comfort Systems USA by 34.5% in the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock worth $32,956,000 after purchasing an additional 26,616 shares in the last quarter. Entropy Technologies LP bought a new position in Comfort Systems USA in the third quarter worth about $1,484,000. Cetera Advisors LLC purchased a new stake in Comfort Systems USA in the first quarter worth about $971,000. WCM Investment Management LLC lifted its holdings in Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after buying an additional 14,090 shares during the period. Finally, Schwartz Investment Counsel Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at approximately $1,327,000. 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.