Comfort Systems USA (NYSE:FIX) Price Target Lowered to $471.00 at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its price objective trimmed by Stifel Nicolaus from $577.00 to $471.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other analysts also recently weighed in on FIX. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Trading Down 1.6 %

Shares of NYSE:FIX opened at $358.06 on Monday. Comfort Systems USA has a 12-month low of $272.92 and a 12-month high of $553.09. The business has a 50 day moving average of $444.90 and a 200-day moving average of $416.11. 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 stock has a market cap of $12.74 billion, a PE ratio of 24.51 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. Signaturefd LLC grew its position in Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Comfort Systems USA by 11.6% during the third quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after purchasing an additional 110 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Comfort Systems USA by 215.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock worth $6,404,000 after purchasing an additional 11,213 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $276,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at approximately $1,024,000. 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.