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

William Blair started coverage on shares of Comfort Systems USA (NYSE:FIX) in a research note released on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating on the construction company’s stock.

Other research analysts have also issued research reports about the stock. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. UBS Group increased their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, DA Davidson increased their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $635.60.

Comfort Systems USA Stock Down 1.4%

Comfort Systems USA stock opened at $754.21 on Thursday. The stock has a market cap of $26.61 billion, a P/E ratio of 38.76 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $772.22. The company’s 50-day moving average price is $659.03 and its two-hundred day moving average price is $499.83.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $3.74 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is 10.28%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Sandbrook sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the sale, the director owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC boosted its position in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA during the second quarter valued at $27,000. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA during the first quarter valued at $31,000. Versant Capital Management Inc raised its stake in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds 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.