Comfort Systems USA (NYSE:FIX) Downgraded by StockNews.com to “Hold”

Comfort Systems USA (NYSE:FIX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other brokerages have also commented on FIX. DA Davidson increased their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, KeyCorp began coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Comfort Systems USA Stock Up 0.2 %

Shares of NYSE FIX traded up $0.75 during mid-day trading on Thursday, reaching $346.96. 348,829 shares of the company traded hands, compared to its average volume of 360,208. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market cap of $12.39 billion, a PE ratio of 34.35 and a beta of 1.20. The company’s fifty day moving average is $312.83 and its two-hundred day moving average is $244.61. Comfort Systems USA has a fifty-two week low of $144.45 and a fifty-two week high of $351.49.

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Insiders have sold 50,114 shares of company stock valued at $14,946,495 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. Baillie Gifford & Co. acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $202,433,000. Westfield Capital Management Co. LP bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $87,733,000. Norges Bank bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $81,299,000. FMR LLC lifted its position in shares of Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $30,151,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

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.