Comfort Systems USA (FIX) Lowered to Neutral at Guggenheim

Guggenheim downgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a neutral rating in a research note released on Friday, November 10th, MarketBeat reports.

A number of other brokerages have also recently issued reports on FIX. Zacks Investment Research cut shares of Comfort Systems USA from a hold rating to a sell rating in a report on Wednesday, August 2nd. DA Davidson boosted their price objective on shares of Comfort Systems USA to $43.00 and gave the company a neutral rating in a report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Comfort Systems USA has a consensus rating of Hold and an average target price of $63.00.

Shares of Comfort Systems USA (NYSE FIX) traded up $0.40 during trading hours on Friday, hitting $43.15. 94,400 shares of the stock traded hands, compared to its average volume of 192,630. The firm has a market cap of $1,565.21, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.36 and a beta of 1.31. 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 $31.80 and a 12 month high of $44.67.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 9th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.44%.

In other news, insider Brian E. Lane sold 19,389 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $42.35, for a total value of $821,124.15. Following the sale, the insider now owns 203,021 shares of the company’s stock, valued at $8,597,939.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The disclosure for this sale can be found here. Insiders sold 70,473 shares of company stock valued at $2,986,454 in the last quarter. Corporate insiders own 3.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in Comfort Systems USA by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock worth $496,000 after acquiring an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Comfort Systems USA by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock worth $1,075,000 after acquiring an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after acquiring an additional 173 shares in the last quarter. Texas Permanent School Fund raised its position in 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 in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Comfort Systems USA by 4.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock worth $326,000 after acquiring an additional 360 shares in the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.

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About Comfort Systems USA

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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