Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) PT at $493.50

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $493.50.

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $435.22 on Tuesday. 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 stock has a market cap of $15.49 billion, a PE ratio of 33.30 and a beta of 1.18. The stock has a fifty day moving average price of $446.81 and a 200 day moving average price of $372.25. Comfort Systems USA has a 1 year low of $194.30 and a 1 year high of $510.79.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after purchasing an additional 1,236 shares during the period. World Investment Advisors LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $1,137,000. Sanctuary Advisors LLC boosted its stake in shares of Comfort Systems USA by 48.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock worth $1,157,000 after purchasing an additional 974 shares during the period. TD Private Client Wealth LLC increased its stake in Comfort Systems USA by 45.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company’s stock worth $424,000 after buying an additional 339 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of Comfort Systems USA by 22.6% during the third quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company’s stock valued at $167,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

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.