Zacks Investment Research cut shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a research report sent to investors on Monday.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. The Company operates 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. Comfort Systems USA merged with the best regional experts, and now provides nationwide reach through 36 subsidiary companies that are prepared to build, service or retrofit any mechanical, HVAC or electrical system. Whether the project is Design-Build or Plan and Spec, Comfort Systems USA can help from the design phase to construction with qualified professionals, quality products and an experienced contractor team. “
A number of other equities analysts also recently commented on the stock. Gilford Securities downgraded shares of Comfort Systems USA from a buy rating to a neutral rating in a research note on Friday, November 10th. Guggenheim downgraded shares of Comfort Systems USA from a buy rating to a neutral rating in a research note on Friday, November 10th. Finally, DA Davidson boosted their price target on shares of Comfort Systems USA to $43.00 and gave the company a neutral rating in a research note on Monday, October 30th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Comfort Systems USA presently has a consensus rating of Hold and a consensus price target of $58.67.
Comfort Systems USA (NYSE FIX) opened at $42.95 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33. Comfort Systems USA has a 52 week low of $31.90 and a 52 week high of $44.80. The company has a market cap of $1,596.77, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28.
Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company had revenue of $480.85 million for the quarter, compared to the consensus estimate of $469.53 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Comfort Systems USA’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts predict that Comfort Systems USA will post 1.78 EPS for the current fiscal year.
In other news, VP T Mckenna Trent sold 15,179 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.85, for a total value of $635,241.15. Following the sale, the vice president now directly owns 45,839 shares of the company’s stock, valued at approximately $1,918,362.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Julie Shaeff sold 15,905 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the completion of the sale, the insider now directly owns 35,472 shares in the company, valued at $1,512,880.80. The disclosure for this sale can be found here. Insiders sold a total of 70,473 shares of company stock worth $2,986,454 over the last three months. Insiders own 3.48% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP grew its holdings in shares of Comfort Systems USA by 68.1% in the third quarter. GSA Capital Partners LLP now owns 58,475 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 23,694 shares in the last quarter. Dean Investment Associates LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $561,000. Cubist Systematic Strategies LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $248,000. Jane Street Group LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $269,000. Finally, Magnetar Financial LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 92.22% of the company’s stock.
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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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