Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) PT at $668.60

Comfort Systems USA, Inc. (NYSE:FIX) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $668.60.

FIX has been the subject of a number of analyst reports. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group boosted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. DA Davidson boosted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th.

Insider Transactions at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the business’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 of the company’s stock, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 in the last quarter. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after buying an additional 832,999 shares during the period. Norges Bank purchased a new stake in Comfort Systems USA during the second quarter worth approximately $256,998,000. AQR Capital Management LLC grew its stake in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after buying an additional 273,453 shares during the period. GAMMA Investing LLC grew its stake in Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock worth $81,974,000 after buying an additional 253,677 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after buying an additional 239,692 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX opened at $834.93 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $29.46 billion, a P/E ratio of 42.90 and a beta of 1.58. The company has a 50-day moving average of $725.96 and a two-hundred day moving average of $540.10. Comfort Systems USA has a 12-month low of $276.44 and a 12-month high of $843.80.

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. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.74 earnings per share. As a group, research analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 10.28%.

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.