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

StockNews.com lowered shares of Comfort Systems USA (NYSE:FIX - Free Report) from a buy rating to a hold rating in a research report released on Thursday.

FIX has been the subject of several other reports. Stifel Nicolaus decreased their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Stock Down 0.3 %

FIX traded down $1.01 during trading on Thursday, hitting $348.16. 336,314 shares of the company's stock traded hands, compared to its average volume of 436,241. Comfort Systems USA has a 12-month low of $272.93 and a 12-month high of $553.09. The company's 50 day simple moving average is $349.24 and its two-hundred day simple moving average is $413.76. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mezzasalma Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter worth $231,000. Rakuten Securities Inc. grew its holdings in Comfort Systems USA by 36.8% during the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after purchasing an additional 43 shares during the period. Precision Wealth Strategies LLC increased its position in Comfort Systems USA by 14.9% in the first quarter. Precision Wealth Strategies LLC now owns 1,117 shares of the construction company's stock worth $360,000 after buying an additional 145 shares in the last quarter. Cypress Advisory Group LLC bought a new position in shares of Comfort Systems USA in the first quarter worth about $338,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at about $596,000. 96.51% of the stock is 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.