Comfort Systems USA (NYSE:FIX) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued a buy rating and a $524.00 price target on the construction company’s stock.

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $376.00.

Comfort Systems USA Stock Up 1.3 %

FIX traded up $5.61 during trading on Friday, reaching $445.02. The company had a trading volume of 284,473 shares, compared to its average volume of 383,818. The business’s fifty day moving average price is $398.73 and its 200 day moving average price is $347.84. The company has a market cap of $15.84 billion, a P/E ratio of 34.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 12 month low of $185.83 and a 12 month high of $474.62.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.84 billion. During the same period last year, the business posted $2.74 EPS. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. Equities 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 paid 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 0.31%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 9.18%.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,591 shares of company stock valued at $16,625,615 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of large investors have recently modified their holdings of FIX. Hollencrest Capital Management purchased a new position in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the third quarter valued at $38,000. Opal Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth about $41,000. V Square Quantitative Management LLC raised its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $53,000. 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.