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

Comfort Systems USA (NYSE:FIX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts have also issued reports on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

Comfort Systems USA Trading Up 3.5 %

Shares of NYSE:FIX opened at $342.32 on Friday. The company has a market cap of $12.23 billion, a PE ratio of 33.89 and a beta of 1.20. Comfort Systems USA has a 12-month low of $144.45 and a 12-month high of $352.45. The stock has a 50 day moving average of $317.65 and a 200 day moving average of $256.69. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $1.51 EPS. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. As a group, equities research analysts expect that Comfort Systems USA will post 11.9 EPS for the current year.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 988 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the sale, the director now directly owns 11,173 shares of the company’s stock, valued at approximately $3,832,339. The disclosure for this sale can be found here. Insiders sold a total of 51,102 shares of company stock worth $15,285,379 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently added to or reduced their stakes in FIX. V Square Quantitative Management LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at about $25,000. Byrne Asset Management LLC bought a new position in Comfort Systems USA in the 4th quarter valued at $26,000. Rise Advisors LLC bought a new position in Comfort Systems USA in the first quarter valued at about $44,000. VisionPoint Advisory Group LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $59,000. Finally, GAMMA Investing LLC bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $61,000. 96.51% of the stock is owned by institutional investors and hedge funds.

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.