Comfort Systems USA (NYSE:FIX) Coverage Initiated by Analysts at Northcoast Research

Northcoast Research initiated coverage on shares of Comfort Systems USA (NYSE:FIX) in a research note published on Friday, MarketBeat.com reports. The firm issued a buy rating and a $525.00 price target on the construction company’s stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $396.00 to $525.00 in a report on Tuesday. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Stock Performance

NYSE FIX opened at $491.21 on Friday. The business’s 50-day moving average price is $410.60 and its 200 day moving average price is $352.42. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.48 billion, a P/E ratio of 37.58 and a beta of 1.13. Comfort Systems USA has a 52-week low of $185.83 and a 52-week high of $494.50.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $2.74 earnings per share. The firm’s revenue was up 31.5% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.29%. The ex-dividend date is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,746 shares of company stock valued at $14,684,140. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in shares of Comfort Systems USA by 45.3% in the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company’s stock valued at $424,000 after acquiring an additional 339 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Comfort Systems USA by 22.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company’s stock worth $167,000 after purchasing an additional 79 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after buying an additional 47,929 shares during the last quarter. Vestcor Inc grew its stake in shares of Comfort Systems USA by 2.1% in the third quarter. Vestcor Inc now owns 5,386 shares of the construction company’s stock valued at $2,102,000 after buying an additional 112 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Comfort Systems USA by 6.5% during the third quarter. M&T Bank Corp now owns 5,380 shares of the construction company’s stock worth $2,100,000 after buying an additional 328 shares during the last quarter. Institutional investors and hedge funds 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.