Comfort Systems USA Inc. (FIX) Stock Rating Lowered by Zacks Investment Research
Comfort Systems USA Inc. (NYSE:FIX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “
Separately, Sidoti downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Tuesday, July 12th.
Comfort Systems USA (NYSE:FIX) opened at 28.96 on Wednesday. Comfort Systems USA has a 52 week low of $24.22 and a 52 week high of $35.00. The company has a 50-day moving average of $28.71 and a 200-day moving average of $30.77. The company has a market cap of $1.08 billion, a P/E ratio of 18.82 and a beta of 1.61.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The business earned $427.50 million during the quarter, compared to the consensus estimate of $447.05 million. Comfort Systems USA had a net margin of 3.63% and a return on equity of 16.53%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts predict that Comfort Systems USA will post $1.72 EPS for the current year.
In related news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $27.34, for a total transaction of $191,380.00. Following the completion of the transaction, the director now owns 23,516 shares of the company’s stock, valued at approximately $642,927.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average cost of $29.26 per share, with a total value of $87,780.00. Following the transaction, the director now directly owns 178,000 shares in the company, valued at approximately $5,208,280. The disclosure for this purchase can be found here. Corporate insiders own 3.49% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC bought a new position in Comfort Systems USA during the second quarter worth $237,000. Schwab Charles Investment Management Inc. boosted its position in Comfort Systems USA by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 247,789 shares of the company’s stock worth $8,071,000 after buying an additional 8,506 shares during the last quarter. Stifel Financial Corp boosted its position in Comfort Systems USA by 23.2% in the second quarter. Stifel Financial Corp now owns 206,661 shares of the company’s stock worth $6,731,000 after buying an additional 38,857 shares during the last quarter. Numeric Investors LLC boosted its position in Comfort Systems USA by 67.7% in the second quarter. Numeric Investors LLC now owns 245,502 shares of the company’s stock worth $7,996,000 after buying an additional 99,101 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Comfort Systems USA by 0.5% in the second quarter. Arizona State Retirement System now owns 19,302 shares of the company’s stock worth $629,000 after buying an additional 100 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.
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