Wall Street Zen Upgrades Comfort Systems USA (NYSE:FIX) to Buy

Comfort Systems USA (NYSE:FIX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research firms have also commented on FIX. Stifel Nicolaus lifted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Finally, Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $525.80.

Comfort Systems USA Stock Up 2.4%

Shares of NYSE:FIX opened at $511.11 on Friday. The firm has a 50 day simple moving average of $411.90 and a 200-day simple moving average of $418.99. Comfort Systems USA has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company earned $2.69 earnings per share. Comfort Systems USA’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director now owns 7,236 shares of the company’s stock, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock valued at $14,642,235 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter worth about $31,000. Versant Capital Management Inc grew its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other 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.