Comfort Systems USA (NYSE:FIX) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also issued reports about the company. UBS Group upped their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. DA Davidson upped their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp assumed coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $317.61 on Wednesday. The stock has a fifty day moving average price of $268.38 and a 200 day moving average price of $215.10. The stock has a market cap of $11.33 billion, a PE ratio of 35.29 and a beta of 1.19. Comfort Systems USA has a 1 year low of $127.09 and a 1 year high of $329.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA will post 11.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 8,429 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. Company insiders own 2.48% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its position in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after purchasing an additional 60 shares during the period. Parkside Financial Bank & Trust grew its holdings in Comfort Systems USA by 16.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 514 shares of the construction company’s stock worth $84,000 after buying an additional 72 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Comfort Systems USA by 3.6% in the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock worth $368,000 after buying an additional 74 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in Comfort Systems USA by 5.5% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock worth $244,000 after buying an additional 75 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in Comfort Systems USA by 2.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,925 shares of the construction company’s stock worth $480,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

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.