Comfort Systems USA (NYSE:FIX) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a research note published on Wednesday morning.

FIX has been the subject of several other research reports. KeyCorp initiated coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a sector weight rating for the company. DA Davidson lifted their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a neutral rating in a research report on Thursday, February 15th.

Comfort Systems USA Stock Down 0.2 %

Shares of NYSE:FIX opened at $317.67 on Wednesday. Comfort Systems USA has a 12 month low of $127.09 and a 12 month high of $329.43. The company’s 50-day moving average price is $266.12 and its two-hundred day moving average price is $214.38. 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 firm has a market cap of $11.33 billion, a P/E ratio of 35.30 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its quarterly 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. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Comfort Systems USA’s revenue was up 21.5% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA’s payout ratio is 11.11%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 in the last 90 days. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. HighPoint Advisor Group LLC bought a new position in Comfort Systems USA in the fourth quarter valued at approximately $434,000. Hennessy Advisors Inc. bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $30,151,000. Congress Asset Management Co. MA lifted its position in shares of Comfort Systems USA by 3.3% in the fourth quarter. Congress Asset Management Co. MA now owns 262,434 shares of the construction company’s stock worth $53,975,000 after purchasing an additional 8,331 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Comfort Systems USA by 73.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 269,068 shares of the construction company’s stock worth $55,339,000 after purchasing an additional 114,115 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Comfort Systems USA by 237.0% in the fourth quarter. American International Group Inc. now owns 65,559 shares of the construction company’s stock worth $13,484,000 after purchasing an additional 46,108 shares in the last quarter. 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.