StockNews.com Begins Coverage on Comfort Systems USA (NYSE:FIX)

StockNews.com began coverage on shares of Comfort Systems USA (NYSE:FIX – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the construction company’s stock.

Separately, DA Davidson raised their price objective on Comfort Systems USA from $135.00 to $170.00 and gave the company a buy rating in a research note on Friday, February 24th.

Comfort Systems USA Trading Down 3.3 %

FIX opened at $134.43 on Thursday. The firm’s 50 day moving average is $128.57 and its 200-day moving average is $118.02. The firm has a market capitalization of $4.80 billion, a P/E ratio of 19.71 and a beta of 1.22. Comfort Systems USA has a 52-week low of $74.14 and a 52-week high of $152.13. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.25.

Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.17. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Comfort Systems USA will post 6.35 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, March 9th. Comfort Systems USA’s dividend payout ratio is 10.26%.

Insiders Place Their Bets

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the sale, the director now owns 24,722 shares in the company, valued at approximately $3,535,987.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $147.00, for a total transaction of $367,500.00. Following the transaction, the director now directly owns 26,297 shares in the company, valued at $3,865,659. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the transaction, the director now directly owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The disclosure for this sale can be found here. 2.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Benjamin Edwards Inc. acquired a new stake in Comfort Systems USA during the fourth quarter worth about $30,000. Brown Brothers Harriman & Co. grew its holdings in shares of Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after purchasing an additional 394 shares during the last quarter. Ronald Blue Trust Inc. raised its position in shares of Comfort Systems USA by 64.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock worth $38,000 after purchasing an additional 151 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Comfort Systems USA by 190.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock worth $42,000 after purchasing an additional 285 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after purchasing an additional 230 shares during the period. 94.26% of the stock is currently owned by institutional investors.

Comfort Systems USA Company Profile

(Get Rating)

Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, and Electrical Services. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.