Comfort Systems USA (NYSE:FIX) Sets New 1-Year High – Here’s Why

Comfort Systems USA, Inc. (NYSE:FIX) shares reached a new 52-week high during trading on Monday . The stock traded as high as $1,049.21 and last traded at $1,047.7510, with a volume of 88043 shares trading hands. The stock had previously closed at $1,003.64.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday. DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group lifted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Stock Performance

The stock has a market capitalization of $36.43 billion, a P/E ratio of 43.73 and a beta of 1.66. The stock has a 50 day simple moving average of $959.12 and a two-hundred day simple moving average of $793.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million for the quarter. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a $0.60 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 10.16%.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,028 shares of company stock worth $25,381,151 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Monument Capital Management acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $3,629,000. Private Client Services LLC boosted its stake in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 2,354 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after buying an additional 15,831 shares during the period. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the second quarter worth $27,000. Finally, Calamos Advisors LLC bought a new position in Comfort Systems USA during the third quarter worth $1,527,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.