Comfort Systems USA, Inc. (NYSE:FIX) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $83.00.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Jefferies Group LLC lifted their target price on Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
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In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Franklin Myers bought 5,482 shares of the stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $33.58 per share, for a total transaction of $184,085.56. Following the purchase, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. Insiders own 3.49% of the company’s stock.
Several large investors have recently made changes to their positions in FIX. FMR LLC raised its stake in shares of Comfort Systems USA by 52.9% in the fourth quarter. FMR LLC now owns 69,360 shares of the construction company’s stock valued at $2,310,000 after buying an additional 23,990 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Comfort Systems USA by 39.0% in the fourth quarter. Teachers Advisors LLC now owns 539,579 shares of the construction company’s stock valued at $17,968,000 after buying an additional 151,476 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Comfort Systems USA by 19.0% in the first quarter. Capstone Asset Management Co. now owns 10,472 shares of the construction company’s stock valued at $384,000 after buying an additional 1,672 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Comfort Systems USA by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the construction company’s stock valued at $557,000 after buying an additional 400 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at about $1,199,000. Institutional investors and hedge funds own 92.56% of the company’s stock.
Comfort Systems USA (NYSE:FIX) traded up 0.30% on Tuesday, reaching $32.90. 301,091 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.23 billion, a P/E ratio of 19.81 and a beta of 1.26. The firm’s 50 day moving average is $34.92 and its 200 day moving average is $35.30. Comfort Systems USA has a 1-year low of $26.05 and a 1-year high of $39.67.
Comfort Systems USA (NYSE:FIX) last released its earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business had revenue of $465.41 million for the quarter, compared to analysts’ expectations of $462.06 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Comfort Systems USA will post $1.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.30 annualized dividend and a yield of 0.91%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.96%.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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