Comfort Systems USA (NYSE:FIX) Stock Price Expected to Rise, UBS Group Analyst Says

Comfort Systems USA (NYSE:FIX) had its price target hoisted by UBS Group from $525.00 to $575.00 in a research report report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Finally, Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Performance

FIX opened at $472.26 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $16.81 billion, a PE ratio of 36.13 and a beta of 1.18. The stock has a 50-day moving average of $441.02 and a 200-day moving average of $367.61. Comfort Systems USA has a 52-week low of $194.30 and a 52-week high of $510.79.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a dividend of $0.35 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.30%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insiders Place Their Bets

In other news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares of the company’s stock, valued at $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of FIX. Franklin Resources Inc. boosted its position in shares of Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after acquiring an additional 1,236 shares in the last quarter. World Investment Advisors LLC bought a new position in Comfort Systems USA during the third quarter worth about $1,137,000. Sanctuary Advisors LLC lifted its stake in Comfort Systems USA by 48.9% during the third quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock worth $1,157,000 after purchasing an additional 974 shares during the period. TD Private Client Wealth LLC boosted its holdings in Comfort Systems USA by 45.3% during the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company’s stock valued at $424,000 after purchasing an additional 339 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Comfort Systems USA by 22.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company’s stock valued at $167,000 after purchasing an additional 79 shares during the period. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

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.