Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Target Price at $481.00

Comfort Systems USA, Inc. (NYSE:FIX) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $481.00.

A number of research analysts have issued reports on the stock. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $525.00 target price for the company. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,746 shares of company stock valued at $14,684,140 over the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its position in Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock worth $32,956,000 after buying an additional 26,616 shares during the period. Entropy Technologies LP acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $1,484,000. Cetera Advisors LLC bought a new stake in shares of Comfort Systems USA during the first quarter worth $971,000. WCM Investment Management LLC grew its position in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $1,327,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

FIX stock opened at $491.06 on Friday. The firm has a market cap of $17.48 billion, a P/E ratio of 37.57 and a beta of 1.13. The stock has a 50-day simple moving average of $413.47 and a 200-day simple moving average of $353.57. Comfort Systems USA has a 1 year low of $185.83 and a 1 year high of $494.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

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.