Comfort Systems USA (FIX) Sets New 1-Year High at $59.45

Comfort Systems USA, Inc. (NYSE:FIX) shares reached a new 52-week high during trading on Thursday . The company traded as high as $59.45 and last traded at $59.43, with a volume of 1416 shares changing hands. The stock had previously closed at $58.70.

FIX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective on the stock in a report on Wednesday, October 31st. DA Davidson set a $55.00 price objective on Comfort Systems USA and gave the company a “hold” rating in a report on Monday, July 30th. Finally, ValuEngine downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.00.

The company has a market capitalization of $2.18 billion, a PE ratio of 33.23, a P/E/G ratio of 1.96 and a beta of 1.23. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, October 26th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.18. The firm had revenue of $594.54 million for the quarter, compared to the consensus estimate of $566.75 million. Comfort Systems USA had a return on equity of 22.60% and a net margin of 4.64%. As a group, analysts forecast that Comfort Systems USA, Inc. will post 2.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, November 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, November 8th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.09. Comfort Systems USA’s dividend payout ratio (DPR) is currently 19.54%.

In related news, VP T Mckenna Trent sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $54.79, for a total transaction of $821,850.00. Following the transaction, the vice president now owns 45,341 shares in the company, valued at approximately $2,484,233.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $53.33, for a total value of $106,660.00. The disclosure for this sale can be found here. Company insiders own 3.48% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FIX. Acadian Asset Management LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $136,000. Itau Unibanco Holding S.A. acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $162,000. Janus Henderson Group PLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $200,000. Canandaigua National Bank & Trust Co. acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $227,000. Finally, Greenwood Capital Associates LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $245,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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About Comfort Systems USA (NYSE:FIX)

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

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