Comfort Systems USA (NYSE:FIX) Stock Rating Upgraded by Zacks Research

Comfort Systems USA (NYSE:FIX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

FIX has been the topic of several other research reports. DA Davidson set a $1,850.00 price objective on Comfort Systems USA in a research note on Monday, October 26th. Stifel Nicolaus set a $1,808.00 target price on shares of Comfort Systems USA in a report on Monday, October 26th. Oppenheimer decreased their target price on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Monday, October 26th. KeyCorp reduced their price objective on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,916.14.

Comfort Systems USA Trading Down 15.5%

NYSE:FIX opened at $1,085.71 on Tuesday. Comfort Systems USA has a one year low of $841.66 and a one year high of $2,073.99. The business has a fifty day moving average price of $1,536.01 and a 200-day moving average price of $1,598.89. The firm has a market capitalization of $37.99 billion, a price-to-earnings ratio of 23.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the business earned $8.25 earnings per share. Comfort Systems USA’s quarterly revenue was up 53.7% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA will post 50.32 EPS for the current year.

Insider Activity at Comfort Systems USA

In related news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in Comfort Systems USA in the 2nd quarter worth approximately $26,000. Glynn Capital Management LLC boosted its position in shares of Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after acquiring an additional 7 shares during the last quarter. Avalon Trust Co bought a new stake in Comfort Systems USA in the second quarter worth $32,000. Field & Main Bank bought a new stake in Comfort Systems USA in the second quarter worth $32,000. Finally, Nvwm LLC purchased a new stake in Comfort Systems USA during the third quarter valued at $35,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.