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

by · The Markets Daily

Comfort Systems USA (NYSE:FIX – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Other equities research analysts have also issued reports about the stock. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Finally, UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $493.50.

View Our Latest Analysis on FIX

Comfort Systems USA Stock Down 0.6 %

Shares of Comfort Systems USA stock traded down $2.58 during trading on Thursday, hitting $450.18. 383,363 shares of the stock were exchanged, compared to its average volume of 377,533. The firm’s 50-day moving average price is $456.36 and its 200 day moving average price is $385.11. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 34.44 and a beta of 1.23. Comfort Systems USA has a 12-month low of $194.30 and a 12-month high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares of the company’s stock, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock valued at $15,431,250 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in shares of Comfort Systems USA by 44.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,063 shares of the construction company’s stock valued at $627,000 after purchasing an additional 632 shares during the period. National Bank of Canada FI raised its position in Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after acquiring an additional 149 shares in the last quarter. Savant Capital LLC lifted its holdings in Comfort Systems USA by 15.8% in the 2nd quarter. Savant Capital LLC now owns 1,917 shares of the construction company’s stock valued at $583,000 after acquiring an additional 261 shares during the last quarter. Caprock Group LLC lifted its holdings in Comfort Systems USA by 9.8% in the 2nd quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after acquiring an additional 63 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Comfort Systems USA by 652.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,536 shares of the construction company’s stock valued at $467,000 after purchasing an additional 1,332 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

(Get Free Report)

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.

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