Guggenheim lowered shares of Comfort Systems USA, Inc. (NYSE:FIX) from a buy rating to a neutral rating in a research note published on Friday morning, Marketbeat.com reports.
Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Comfort Systems USA from a hold rating to a sell rating in a research note on Wednesday, October 25th. 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 note on Monday, October 30th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $63.00.
Comfort Systems USA (NYSE FIX) traded down $0.70 during trading on Friday, reaching $40.45. 294,000 shares of the company’s stock traded hands, compared to its average volume of 194,612. The firm has a market cap of $1,528.07, a price-to-earnings ratio of 23.92, a PEG ratio of 2.31 and a beta of 1.31. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20. Comfort Systems USA has a 1 year low of $31.75 and a 1 year high of $44.67.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. research analysts expect that Comfort Systems USA will post 1.78 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.74%. Comfort Systems USA’s dividend payout ratio (DPR) is 17.44%.
In related news, insider Julie Shaeff sold 15,905 shares of the firm’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 transaction, the insider now directly owns 35,472 shares in the company, valued at approximately $1,512,880.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 42,352 shares in the company, valued at $1,810,548. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,905 shares of company stock worth $1,530,088. 3.48% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of FIX. BlackRock Inc. grew its stake in Comfort Systems USA by 63,201.2% in the 1st quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after buying an additional 5,059,889 shares during the last quarter. FMR LLC grew its stake in Comfort Systems USA by 2,421.9% in the 2nd quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock valued at $37,331,000 after buying an additional 966,323 shares during the last quarter. Pax World Management LLC acquired a new position in Comfort Systems USA in the 3rd quarter valued at $9,751,000. Bank of New York Mellon Corp grew its stake in Comfort Systems USA by 25.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after buying an additional 253,377 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its stake in Comfort Systems USA by 34.3% in the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock valued at $32,233,000 after buying an additional 221,875 shares during the last quarter. Institutional investors and hedge funds own 94.16% 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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