StockNews.com Downgrades Comfort Systems USA (NYSE:FIX) to Hold

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

Several other research firms have also recently weighed in on FIX. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Finally, UBS Group raised their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

Comfort Systems USA Stock Down 2.3 %

FIX opened at $439.72 on Thursday. The firm has a market cap of $15.65 billion, a P/E ratio of 33.64 and a beta of 1.23. 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 business has a 50 day moving average price of $457.31 and a 200 day moving average price of $385.96. Comfort Systems USA has a twelve month low of $198.30 and a twelve month high of $510.79.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during 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 quarterly 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 EPS. Research analysts forecast that Comfort Systems USA will post 13.95 EPS for the current year.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on 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 sale, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the third quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Comfort Systems USA in the third quarter worth about $38,000. V Square Quantitative Management LLC lifted its position in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $53,000. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares in the last quarter. 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.