Comfort Systems USA (NYSE:FIX) Rating Increased to Buy at Sidoti

Sidoti upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $552.00 price objective on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Trading Up 2.0 %

Shares of FIX stock opened at $375.01 on Monday. The stock’s 50-day moving average price is $439.93 and its 200-day moving average price is $416.50. Comfort Systems USA has a 12-month low of $272.92 and a 12-month high of $553.09. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 25.67 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Equities research analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in Comfort Systems USA during the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares during the last quarter. Colonial Trust Co SC increased its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 67 shares during the period. Finally, Private Trust Co. NA increased its stake in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after buying an additional 31 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.