Glj Research Begins Coverage on Comfort Systems USA (NYSE:FIX)

Research analysts at Glj Research began coverage on shares of Comfort Systems USA (NYSE:FIX) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $2,001.00 price target on the construction company’s stock. Glj Research’s target price would suggest a potential upside of 17.46% from the stock’s previous close.

Several other research analysts have also weighed in on FIX. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday. Finally, UBS Group reissued a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,732.50.

Comfort Systems USA Trading Up 1.8%

Shares of NYSE:FIX traded up $29.43 during midday trading on Monday, reaching $1,703.59. The company’s stock had a trading volume of 81,224 shares, compared to its average volume of 418,009. The firm has a market cap of $59.94 billion, a price-to-earnings ratio of 59.03 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA has a 1 year low of $353.58 and a 1 year high of $1,724.00. The business has a 50 day moving average price of $1,438.47 and a 200 day moving average price of $1,145.55.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $4.09 earnings per share. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. Research analysts forecast that Comfort Systems USA will post 37.06 EPS for the current year.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the transaction, the insider directly owned 171,523 shares in the company, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,288 shares of company stock valued at $53,677,038 in the last three months. 1.59% of the stock is owned by company insiders.

Institutional Trading of Comfort Systems USA

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares during the period. State Street Corp raised its holdings in shares of Comfort Systems USA by 35.6% during the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 39.0% during the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 22.1% in the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after acquiring an additional 184,362 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.