Comfort Systems USA, Inc. (NYSE:FIX) has received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $59.00.

Several brokerages have commented on FIX. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, July 24th. Sidoti lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Finally, DA Davidson set a $55.00 price objective on shares of Comfort Systems USA and gave the stock a “hold” rating in a research report on Monday, July 30th.

FIX stock traded down $0.75 during mid-day trading on Wednesday, hitting $54.75. The company had a trading volume of 288,800 shares, compared to its average volume of 207,644. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.34. Comfort Systems USA has a 12 month low of $35.50 and a 12 month high of $59.05.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, July 27th. The construction company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The business had revenue of $535.00 million for the quarter, compared to analyst estimates of $532.25 million. Comfort Systems USA had a net margin of 4.07% and a return on equity of 19.88%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. analysts forecast that Comfort Systems USA will post 2.72 earnings per share for the current year.

In other news, CFO William George III sold 29,888 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $54.24, for a total value of $1,621,125.12. Following the sale, the chief financial officer now owns 45,675 shares of the company’s stock, valued at $2,477,412. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $55.74, for a total transaction of $111,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 65,153 shares of company stock worth $3,544,759. Insiders own 3.45% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Comfort Systems USA by 2.0% in the second quarter. Northern Trust Corp now owns 509,143 shares of the construction company’s stock valued at $23,318,000 after purchasing an additional 10,158 shares during the period. Verition Fund Management LLC bought a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $539,000. California Public Employees Retirement System raised its position in shares of Comfort Systems USA by 37.5% in the second quarter. California Public Employees Retirement System now owns 19,775 shares of the construction company’s stock valued at $906,000 after purchasing an additional 5,388 shares during the period. Zacks Investment Management bought a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $2,814,000. Finally, Vident Investment Advisory LLC grew its stake in Comfort Systems USA by 24.7% during the second quarter. Vident Investment Advisory LLC now owns 19,460 shares of the construction company’s stock valued at $892,000 after acquiring an additional 3,852 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

See Also: NASDAQ Stock Market Explained

Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.