Comfort Systems USA, Inc. (NYSE:FIX) Given Consensus Recommendation of "Buy" by Brokerages

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) has received an average recommendation of "Buy" from the five ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $494.60.

Several equities analysts have recently issued reports on FIX shares. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Finally, Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday.

Comfort Systems USA Stock Down 4.7 %

Shares of FIX traded down $17.52 during mid-day trading on Monday, hitting $357.28. 663,733 shares of the company's stock were exchanged, compared to its average volume of 556,806. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 24.45 and a beta of 1.22. The stock's 50-day moving average is $439.93 and its 200-day moving average is $416.50. Comfort Systems USA has a fifty-two week low of $272.92 and a fifty-two week high of $553.09.

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Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, sell-side analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.95%.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth $217,771,000. Norges Bank purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $196,154,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Comfort Systems USA in the third quarter valued at about $138,987,000. JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after acquiring an additional 208,283 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.