Comfort Systems USA (NYSE:FIX) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a research report report published on Tuesday morning, Marketbeat.com reports. The firm currently has $525.00 target price on the construction company’s stock, up from their previous target price of $396.00.

Several other analysts also recently commented on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $466.33.

Comfort Systems USA Stock Up 5.2 %

Shares of Comfort Systems USA stock opened at $474.34 on Tuesday. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 36.29 and a beta of 1.13. The company’s 50 day moving average is $401.57 and its 200 day moving average is $349.45. Comfort Systems USA has a twelve month low of $185.83 and a twelve month high of $474.73. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its earnings results 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Buying and Selling

In related news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. This represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,746 shares of company stock worth $14,684,140 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd raised its position in shares of Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares during the last quarter. Signaturefd LLC boosted its stake in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after buying an additional 32 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after buying an additional 34 shares during the period. CIBC Asset Management Inc boosted its stake in Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after buying an additional 35 shares during the period. Finally, Mount Lucas Management LP boosted its stake in Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after buying an additional 40 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.