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

Comfort Systems USA (NYSE:FIX) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts have also weighed in on FIX. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. UBS Group boosted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, DA Davidson reiterated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,003.50 on Friday. The company has a 50-day simple moving average of $957.00 and a two-hundred day simple moving average of $786.37. Comfort Systems USA has a 12-month low of $276.44 and a 12-month high of $1,036.67. The firm has a market cap of $35.40 billion, a price-to-earnings ratio of 42.49 and a beta of 1.66. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. On average, equities analysts forecast that Comfort Systems USA will post 16.85 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 4,370 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 26,028 shares of company stock worth $25,381,151. Insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently modified their holdings of FIX. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA in the 3rd quarter worth about $25,000. Quent Capital LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its holdings in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $27,000. Finally, Eastern Bank purchased a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $31,000. Institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.