Comfort Systems USA (NYSE:FIX) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Comfort Systems USA (NYSE:FIX) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has $525.00 price objective on the construction company’s stock, up from their previous price objective of $396.00.

A number of other research firms have also commented 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 assumed coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $466.33.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $491.09 on Tuesday. The company has a market cap of $17.48 billion, a PE ratio of 37.57 and a beta of 1.13. The company’s 50-day moving average is $407.56 and its two-hundred day moving average is $351.45. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a 1 year low of $185.83 and a 1 year high of $494.37.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $2.74 EPS. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. 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. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following 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 sold 35,746 shares of company stock worth $14,684,140 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Several large investors have recently bought and sold shares of the stock. Capital World Investors grew its position in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the last quarter. State Street Corp lifted its stake in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares during the period. Geode Capital Management LLC increased its holdings in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares in the last quarter. Federated Hermes Inc. increased its holdings in 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 in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Comfort Systems USA in the 3rd quarter worth $138,987,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.