Comfort Systems USA, Inc. (FIX) Downgraded by Gilford Securities to Neutral
Comfort Systems USA, Inc. (NYSE:FIX) was downgraded by stock analysts at Gilford Securities from a “buy” rating to a “neutral” rating in a report issued on Friday.
Other equities research analysts have also recently issued reports about the stock. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $63.00.
Shares of Comfort Systems USA (FIX) traded down $0.80 during midday trading on Friday, reaching $41.15. 437,920 shares of the company’s stock traded hands, compared to its average volume of 194,155. Comfort Systems USA has a 1 year low of $31.33 and a 1 year high of $44.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market cap of $1,594.92, a PE ratio of 24.97, a P/E/G ratio of 2.41 and a beta of 1.31.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the prior year, the company posted $0.54 earnings per share. Comfort Systems USA’s revenue for the quarter was up 12.1% compared to the same quarter last year. analysts expect that Comfort Systems USA will post 1.78 EPS for the current year.
In other news, Director Herman E. Bulls sold 8,000 shares of Comfort Systems USA stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $42.22, for a total value of $337,760.00. Following the completion of the transaction, the director now owns 56,620 shares in the company, valued at $2,390,496.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Shaeff sold 15,905 shares of Comfort Systems USA stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $42.65, for a total transaction of $678,348.25. Following the completion of the transaction, the insider now owns 35,472 shares of the company’s stock, valued at approximately $1,512,880.80. The disclosure for this sale can be found here. Insiders have sold 35,905 shares of company stock valued at $1,530,088 in the last 90 days. 3.48% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. OxFORD Asset Management LLP purchased a new position in Comfort Systems USA during the second quarter valued at approximately $256,000. Neumeier Poma Investment Counsel LLC lifted its position in Comfort Systems USA by 34.3% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock valued at $32,233,000 after purchasing an additional 221,875 shares during the last quarter. QS Investors LLC lifted its position in Comfort Systems USA by 44.2% during the second quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock valued at $3,591,000 after purchasing an additional 29,658 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Comfort Systems USA by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after purchasing an additional 253,377 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in Comfort Systems USA by 1.0% during the second quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 268 shares during the last quarter. 92.86% of the stock is owned by institutional investors.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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