Northcoast Research Begins Coverage on Comfort Systems USA (NYSE:FIX)

Equities researchers at Northcoast Research started coverage on shares of Comfort Systems USA (NYSE:FIX) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $525.00 price target on the construction company’s stock. Northcoast Research’s price objective would suggest a potential upside of 6.91% from the stock’s previous close.

FIX has been the subject of a number of other reports. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Stock Up 0.2 %

Comfort Systems USA stock opened at $491.06 on Friday. Comfort Systems USA has a twelve month low of $185.83 and a twelve month high of $494.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $17.48 billion, a PE ratio of 37.58 and a beta of 1.13. The firm’s 50 day moving average price is $413.47 and its two-hundred day moving average price is $353.50.

Comfort Systems USA (NYSE:FIX) last posted 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. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 earnings per share. On average, research analysts predict that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the transaction, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds have recently added to or reduced their stakes in FIX. CANADA LIFE ASSURANCE Co raised its stake in Comfort Systems USA by 14.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock valued at $7,594,000 after purchasing an additional 3,059 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Comfort Systems USA by 36.9% during the first quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock valued at $502,000 after buying an additional 426 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Comfort Systems USA in the first quarter valued at about $206,000. 1832 Asset Management L.P. acquired a new stake in Comfort Systems USA during the first quarter worth about $2,383,000. Finally, Lazard Asset Management LLC increased its stake in Comfort Systems USA by 88.3% during the first quarter. Lazard Asset Management LLC now owns 131,191 shares of the construction company’s stock valued at $41,679,000 after acquiring an additional 61,514 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.