Comfort Systems USA (NYSE:FIX) Upgraded by StockNews.com to Buy

Comfort Systems USA (NYSE:FIX) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $415.79 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The business’s fifty day moving average price is $350.10 and its two-hundred day moving average price is $328.11. The stock has a market cap of $14.84 billion, a PE ratio of 34.91 and a beta of 1.13. Comfort Systems USA has a one year low of $151.89 and a one year high of $417.80.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, analysts forecast that Comfort Systems USA will post 13.79 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at $41,000. Rise Advisors LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at $44,000. Contravisory Investment Management Inc. boosted its position in Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at $65,000. Institutional investors and hedge funds 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.