Comfort Systems USA, Inc. (NYSE:FIX) Receives $1,991.50 Consensus Target Price from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,991.50.

Several analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. UBS Group raised their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Finally, Erste Group Bank started coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating for the company.

Insider Activity

In other news, 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 value of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 30,778 shares of company stock worth $59,746,124. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Comfort Systems USA by 6.6% during the 2nd quarter. Versant Capital Management Inc now owns 177 shares of the construction company’s stock valued at $351,000 after acquiring an additional 11 shares in the last quarter. CX Institutional grew its stake in shares of Comfort Systems USA by 65.6% in the 2nd quarter. CX Institutional now owns 53 shares of the construction company’s stock worth $105,000 after acquiring an additional 21 shares in the last quarter. First Financial Bank Trust Division bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth $2,386,000. Eastern Bank purchased a new stake in shares of Comfort Systems USA in the second quarter valued at about $99,000. Finally, Basecamp Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 28.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 167 shares of the construction company’s stock valued at $230,000 after purchasing an additional 37 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 0.0%

Shares of Comfort Systems USA stock opened at $1,741.16 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA has a 52 week low of $513.99 and a 52 week high of $2,073.99. The stock has a 50 day moving average price of $1,884.63 and a two-hundred day moving average price of $1,485.52. The stock has a market capitalization of $61.29 billion, a PE ratio of 50.24 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

About Comfort Systems USA

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.