Comfort Systems USA (NYSE:FIX) has been given an average recommendation of “Buy” by the six research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $48.50.
A number of brokerages have commented on FIX. DA Davidson increased their price objective on shares of Comfort Systems USA from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, April 30th. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, May 2nd. Finally, ValuEngine raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th.
In related news, CFO William George III sold 29,651 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $41.97, for a total value of $1,244,452.47. Following the transaction, the chief financial officer now directly owns 49,675 shares of the company’s stock, valued at approximately $2,084,859.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Julie Shaeff sold 9,719 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $42.64, for a total transaction of $414,418.16. Following the completion of the transaction, the insider now directly owns 34,019 shares in the company, valued at $1,450,570.16. The disclosure for this sale can be found here. Insiders sold a total of 85,494 shares of company stock worth $3,569,783 over the last ninety days. Insiders own 3.48% of the company’s stock.
Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC lifted its stake in shares of Comfort Systems USA by 119.1% in the 4th quarter. LS Investment Advisors LLC now owns 3,026 shares of the construction company’s stock worth $132,000 after acquiring an additional 1,645 shares during the period. Sei Investments Co. lifted its stake in shares of Comfort Systems USA by 55.9% in the 1st quarter. Sei Investments Co. now owns 3,515 shares of the construction company’s stock worth $145,000 after acquiring an additional 1,260 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter worth $196,000. FDx Advisors Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $208,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $210,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Shares of NYSE:FIX traded down $0.05 during trading hours on Thursday, reaching $46.05. The stock had a trading volume of 137,284 shares, compared to its average volume of 138,932. Comfort Systems USA has a 1 year low of $31.90 and a 1 year high of $48.95. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.71 billion, a PE ratio of 23.49, a P/E/G ratio of 1.84 and a beta of 1.15.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, April 27th. The construction company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Comfort Systems USA had a net margin of 3.44% and a return on equity of 17.86%. The company had revenue of $464.94 million for the quarter, compared to the consensus estimate of $441.98 million. During the same period in the prior year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. equities research analysts expect that Comfort Systems USA will post 2.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, May 11th. Comfort Systems USA’s dividend payout ratio (DPR) is 18.39%.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.
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