Comfort Systems USA, Inc. (FIX) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Comfort Systems USA, Inc. (NYSE:FIX) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “

FIX has been the topic of a number of other research reports. BidaskClub raised shares of Comfort Systems USA from a sell rating to a hold rating in a research report on Wednesday, July 12th. DA Davidson increased their price target on shares of Comfort Systems USA to $43.00 and gave the stock a neutral rating in a research report on Monday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $63.00.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The business had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.30 annualized dividend and a yield of 0.68%. Comfort Systems USA’s dividend payout ratio is currently 17.44%.

In other news, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $42.75, for a total transaction of $427,500.00. Following the transaction, the director now directly owns 42,352 shares in the company, valued at $1,810,548. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Julie Shaeff sold 15,905 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $42.65, for a total transaction of $678,348.25. Following the transaction, the insider now owns 35,472 shares in the company, valued at $1,512,880.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,905 shares of company stock worth $1,192,328. Insiders own 3.48% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. OxFORD Asset Management LLP purchased a new position in shares of Comfort Systems USA during the second quarter worth approximately $256,000. Neumeier Poma Investment Counsel LLC grew its position in shares of Comfort Systems USA by 34.3% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock worth $32,233,000 after acquiring an additional 221,875 shares during the last quarter. QS Investors LLC grew its position in shares of Comfort Systems USA by 44.2% during the second quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock worth $3,591,000 after acquiring an additional 29,658 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Comfort Systems USA by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock worth $46,650,000 after acquiring an additional 253,377 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Comfort Systems USA by 1.0% during the second quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock worth $1,009,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Comfort Systems USA Company Profile

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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