Comfort Systems USA (NYSE:FIX) Price Target Raised to $2,125.00

Comfort Systems USA (NYSE:FIX) had its target price upped by KeyCorp from $2,110.00 to $2,125.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm currently has an overweight rating on the construction company’s stock.

FIX has been the topic of a number of other research reports. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. UBS Group restated a “buy” rating on shares of Comfort Systems USA in a research note on Tuesday, September 15th. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA and gave the company a “buy” rating in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $2,085.00.

Comfort Systems USA Trading Down 3.0%

Shares of FIX stock opened at $1,436.98 on Thursday. Comfort Systems USA has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99. The stock’s fifty day moving average price is $1,643.03 and its two-hundred day moving average price is $1,728.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market cap of $50.57 billion, a PE ratio of 35.34 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.53 EPS. Equities analysts predict that Comfort Systems USA will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George, III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 over the last ninety days. 1.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA during the second quarter worth $6,734,037,000. Amundi raised its stake in Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after buying an additional 156,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Comfort Systems USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company’s stock valued at $385,800,000 after buying an additional 14,423 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Comfort Systems USA by 12.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company’s stock valued at $348,856,000 after buying an additional 28,712 shares during the period. Finally, Value Aligned Research Advisors LLC boosted its position in Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after acquiring an additional 29,970 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.