Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $2,082.86

Comfort Systems USA, Inc. (NYSE:FIX) has earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $2,082.8571.

Several equities analysts have commented on FIX shares. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson started coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price for the company. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Finally, Oppenheimer initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,778 shares of company stock worth $56,306,777. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its stake in Comfort Systems USA by 13.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,302 shares of the construction company’s stock worth $6,545,000 after purchasing an additional 402 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $1,833,000. Archford Capital Strategies LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $918,000. Gemmer Asset Management LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $242,000. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Comfort Systems USA by 10.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 629 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 57 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,582.34 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $55.68 billion, a P/E ratio of 38.92 and a beta of 1.67. Comfort Systems USA has a 12 month low of $755.00 and a 12 month high of $2,073.99. The stock has a 50 day moving average of $1,681.79 and a 200-day moving average of $1,690.65.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business earned $6.53 EPS. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a $0.90 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.