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

Comfort Systems USA (NYSE:FIX) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

FIX has been the subject of a number of other reports. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research began 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 for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Trading Down 0.6 %

Comfort Systems USA stock traded down $2.58 during midday trading on Thursday, reaching $450.18. The stock had a trading volume of 383,363 shares, compared to its average volume of 377,533. Comfort Systems USA has a twelve month low of $194.30 and a twelve 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. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 34.44 and a beta of 1.23. The firm’s fifty day simple moving average is $456.36 and its two-hundred day simple moving average is $385.11.

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

Insider Activity at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in FIX. Covestor Ltd increased its holdings in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the period. Signaturefd LLC grew its position in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after buying an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Comfort Systems USA by 1.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after acquiring an additional 34 shares during the period. CIBC Asset Management Inc raised its holdings in Comfort Systems USA by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after acquiring an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP lifted its position in shares of Comfort Systems USA by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock valued at $673,000 after acquiring an additional 40 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.