Comfort Systems USA (NYSE:FIX) Upgraded at UBS Group

UBS Group upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a report published on Tuesday, Marketbeat.com reports. They currently have $525.00 price objective on the construction company’s stock, up from their prior price objective of $396.00.

A number of other research firms have also weighed in on FIX. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $466.33.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $491.09 on Tuesday. Comfort Systems USA has a twelve month low of $185.83 and a twelve month high of $494.37. The business has a fifty day simple moving average of $407.56 and a 200 day simple moving average of $351.45. 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 company has a market cap of $17.48 billion, a P/E ratio of 37.57 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 earnings per share. On average, sell-side analysts forecast that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 owns 204,205 shares in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,746 shares of company stock valued at $14,684,140 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in FIX. Capital World Investors lifted its holdings in shares of Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares in the last quarter. State Street Corp boosted its stake in Comfort Systems USA by 0.6% during the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the period. Federated Hermes Inc. increased its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after acquiring an additional 8,578 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $138,987,000. Hedge funds and other institutional investors 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.