Comfort Systems USA (NYSE:FIX) Raised to Buy at StockNews.com

Comfort Systems USA (NYSE:FIXGet Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Separately, DA Davidson boosted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

Check Out Our Latest Report on Comfort Systems USA

Comfort Systems USA Price Performance

FIX traded up $5.34 during midday trading on Wednesday, reaching $327.19. 313,311 shares of the company’s stock were exchanged, compared to its average volume of 332,992. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market capitalization of $11.69 billion, a PE ratio of 32.40 and a beta of 1.16. The business’s 50-day moving average price is $319.22 and its 200 day moving average price is $273.14. Comfort Systems USA has a 1-year low of $151.89 and a 1-year high of $352.45.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.51 earnings per share. As a group, equities analysts anticipate that Comfort Systems USA will post 11.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the transaction, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vance W. Tang sold 3,473 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the sale, the director now owns 8,198 shares of the company’s stock, valued at $2,541,380. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,961 shares of company stock valued at $2,622,664. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EULAV Asset Management boosted its stake in shares of Comfort Systems USA by 7.3% in the first quarter. EULAV Asset Management now owns 80,604 shares of the construction company’s stock valued at $25,609,000 after purchasing an additional 5,504 shares during the period. Cetera Advisors LLC purchased a new position in shares of Comfort Systems USA in the first quarter valued at $971,000. Cetera Investment Advisers boosted its stake in shares of Comfort Systems USA by 75.5% in the first quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 2,633 shares during the period. Atria Investments Inc purchased a new position in shares of Comfort Systems USA in the first quarter valued at $1,192,000. Finally, Swedbank AB purchased a new position in shares of Comfort Systems USA in the first quarter valued at $31,771,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

(Get Free Report)

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.

Further Reading

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