StockNews.com Upgrades Comfort Systems USA (NYSE:FIX) to “Buy”

StockNews.com upgraded shares of Comfort Systems USA (NYSE:FIX) from a hold rating to a buy rating in a report released on Wednesday.

A number of other research analysts have also weighed in on FIX. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Stifel Nicolaus reduced their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Trading Down 6.8 %

NYSE:FIX traded down $24.22 during trading hours on Wednesday, hitting $332.55. The stock had a trading volume of 154,756 shares, compared to its average volume of 433,165. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 22.80 and a beta of 1.27. Comfort Systems USA has a one year low of $272.93 and a one year high of $553.09. 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 business’s 50 day moving average is $363.00 and its 200-day moving average is $415.87.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Sell-side analysts anticipate that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Vanguard Group Inc. raised its position in Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC boosted its holdings in shares of Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after acquiring an additional 148,493 shares during the period. Geode Capital Management LLC increased its position in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after buying an additional 21,406 shares during the period. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth about $217,771,000. Finally, Federated Hermes Inc. boosted its stake in shares of Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock valued at $198,391,000 after buying an additional 51,771 shares during the period. 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.