Zacks Investment Research upgraded shares of Comfort Systems USA, Inc. (NYSE:FIX) from a sell 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, BidaskClub raised shares of Comfort Systems USA from a sell rating to a hold rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Comfort Systems USA has a consensus rating of Hold and a consensus target price of $63.00.

Comfort Systems USA (FIX) traded down 0.14% during trading on Wednesday, reaching $35.70. 203,040 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $33.48 and a 200 day moving average price of $35.12. Comfort Systems USA has a 1-year low of $26.90 and a 1-year high of $39.67. The stock has a market capitalization of $1.33 billion, a P/E ratio of 21.49 and a beta of 1.26.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). The company had revenue of $465.41 million for the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. Comfort Systems USA’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. Equities research analysts expect that Comfort Systems USA will post $1.76 earnings per share for the current year.

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In other Comfort Systems USA news, Chairman Franklin Myers purchased 5,482 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $33.58 per share, with a total value of $184,085.56. Following the acquisition, the chairman now owns 205,000 shares of the company’s stock, valued at approximately $6,883,900. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The disclosure for this sale can be found here. 3.49% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Comfort Systems USA by 63,201.2% in the 1st quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after buying an additional 5,059,889 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Comfort Systems USA by 25.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after buying an additional 253,377 shares during the period. FMR LLC boosted its holdings in shares of Comfort Systems USA by 2,421.9% in the 2nd quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock valued at $37,331,000 after buying an additional 966,323 shares during the period. State Street Corp boosted its holdings in shares of Comfort Systems USA by 4.4% in the 2nd quarter. State Street Corp now owns 930,260 shares of the construction company’s stock valued at $34,517,000 after buying an additional 39,200 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Comfort Systems USA by 34.3% in the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock valued at $32,233,000 after buying an additional 221,875 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

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. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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