Comfort Systems USA, Inc. (NYSE:FIX) Stock Has Consensus Target Price of $2,082.86 According to Analysts

Comfort Systems USA, Inc. (NYSE:FIX) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $2,082.86.

FIX has been the subject of several research reports. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, KeyCorp upped their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th.

Insider Activity

In related news, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,078 shares of company stock valued at $43,211,828. Insiders own 1.24% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIX. Signature Equity Partners LLC lifted its position in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after purchasing an additional 5 shares during the last quarter. Capital Advisors Inc. OK grew its stake in Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock worth $636,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc increased its holdings in Comfort Systems USA by 3.4% in the third quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock valued at $303,000 after buying an additional 6 shares during the last quarter. Coston McIsaac & Partners increased its holdings in Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after buying an additional 7 shares during the last quarter. Finally, Petra Financial Advisors Inc. raised its stake in Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,740.11 on Monday. The company’s fifty day moving average price is $1,662.46 and its 200 day moving average price is $1,721.84. Comfort Systems USA has a 12 month low of $770.47 and a 12 month high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a market capitalization of $61.23 billion, a P/E ratio of 42.80 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

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.