Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $2,015.43

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $2,057.8571.

Several brokerages have recently issued reports on FIX. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th.

Comfort Systems USA Price Performance

FIX stock opened at $1,622.23 on Wednesday. Comfort Systems USA has a 52-week low of $655.96 and a 52-week high of $2,073.99. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock has a market cap of $57.09 billion, a price-to-earnings ratio of 39.90 and a beta of 1.66. The business has a fifty day moving average of $1,829.20 and a two-hundred day moving average of $1,581.48.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.53 EPS. As a group, research analysts anticipate that Comfort Systems USA will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,278 shares of company stock worth $57,147,119 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the stock. Carolina Wealth Advisors LLC increased its stake in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 4th quarter worth about $28,000. CENTRAL TRUST Co acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $46,000. Ascentis Independent Advisors acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $46,000. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $47,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.