Comfort Systems USA, Inc. (FIX) Downgraded by Gilford Securities

Gilford Securities lowered shares of Comfort Systems USA, Inc. (NYSE:FIX) from a buy rating to a neutral rating in a report issued on Friday.

Several other analysts have also recently issued reports on FIX. Zacks Investment Research cut Comfort Systems USA from a hold rating to a sell rating in a report on Wednesday, August 2nd. DA Davidson upped their target price on Comfort Systems USA to $43.00 and gave the company a neutral rating in a report on Monday, October 30th. Finally, Guggenheim cut Comfort Systems USA from a buy rating to a neutral rating in a report on Friday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $63.00.

Shares of Comfort Systems USA (NYSE:FIX) opened at $41.15 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33. Comfort Systems USA has a 12-month low of $31.33 and a 12-month high of $44.67. The company has a market capitalization of $1,528.07, a P/E ratio of 23.92, a P/E/G ratio of 2.31 and a beta of 1.31.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. analysts predict that Comfort Systems USA will post 1.78 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, November 9th. Comfort Systems USA’s payout ratio is currently 17.44%.

In other news, Director Darcy Anderson sold 10,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $42.75, for a total value of $427,500.00. Following the transaction, the director now owns 42,352 shares of the company’s stock, valued at approximately $1,810,548. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Julie Shaeff sold 15,905 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total value of $678,348.25. Following the completion of the transaction, the insider now directly owns 35,472 shares in the company, valued at approximately $1,512,880.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,905 shares of company stock valued at $1,530,088. 3.48% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in shares of Comfort Systems USA by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock valued at $496,000 after purchasing an additional 34 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Comfort Systems USA by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock valued at $1,075,000 after purchasing an additional 89 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Comfort Systems USA by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after purchasing an additional 173 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Comfort Systems USA by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 268 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Comfort Systems USA by 4.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock valued at $326,000 after purchasing an additional 360 shares during the last quarter. 94.16% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Comfort Systems USA (NYSE:FIX)

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