StockNews.com cut shares of Comfort Systems USA (NYSE:FIX – Free Report) from a buy rating to a hold rating in a report released on Monday.
Several other brokerages also recently commented on FIX. UBS Group lifted their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a neutral rating in a report on Thursday, February 15th. KeyCorp began coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a sector weight rating on the stock.
Get Our Latest Research Report on FIX
Comfort Systems USA Trading Up 2.0 %
Shares of FIX stock opened at $284.73 on Monday. The firm has a market capitalization of $10.16 billion, a P/E ratio of 31.64 and a beta of 1.12. Comfort Systems USA has a twelve month low of $127.09 and a twelve month high of $292.41. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $219.30 and its 200 day simple moving average is $194.72.
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.15 by $0.40. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. As a group, sell-side analysts predict that Comfort Systems USA will post 9.56 EPS for the current fiscal year.
Comfort Systems USA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is 11.11%.
Insider Activity
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $193.40, for a total value of $580,200.00. Following the transaction, the director now directly owns 16,787 shares of the company’s stock, valued at approximately $3,246,605.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $193.40, for a total value of $580,200.00. Following the transaction, the director now directly owns 16,787 shares of the company’s stock, valued at approximately $3,246,605.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy purchased 784 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of $191.32 per share, for a total transaction of $149,994.88. Following the completion of the purchase, the director now owns 1,287 shares in the company, valued at approximately $246,228.84. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after buying an additional 60 shares during the period. Parkside Financial Bank & Trust increased its holdings in Comfort Systems USA by 16.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 514 shares of the construction company’s stock worth $84,000 after purchasing an additional 72 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock worth $368,000 after purchasing an additional 74 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock worth $244,000 after purchasing an additional 75 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in Comfort Systems USA by 2.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,925 shares of the construction company’s stock worth $480,000 after purchasing an additional 78 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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