Comfort Systems USA Inc. (NYSE:FIX)’s share price dropped 6% during mid-day trading on Tuesday . The company traded as low as $31.25 and last traded at $31.48, with a volume of 290,139 shares trading hands. The stock had previously closed at $33.48.

FIX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Sidoti downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Tuesday.

The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 21.98. The firm’s 50 day moving average is $32.05 and its 200-day moving average is $30.20.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. During the same quarter last year, the business earned $0.13 earnings per share. The firm earned $385.90 million during the quarter, compared to analysts’ expectations of $397.77 million. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that Comfort Systems USA Inc. will post $1.71 EPS for the current fiscal year.

In related news, VP T Mckenna Trent sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $31.25, for a total transaction of $781,250.00. Following the sale, the vice president now directly owns 63,378 shares in the company, valued at approximately $1,980,562.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 5,584 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $32.27, for a total value of $180,195.68. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in the stock. Morgan Stanley increased its stake in shares of Comfort Systems USA by 55.6% in the fourth quarter. Morgan Stanley now owns 450,622 shares of the company’s stock valued at $12,807,000 after buying an additional 161,044 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comfort Systems USA by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,959,874 shares of the company’s stock valued at $55,700,000 after buying an additional 89,303 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Comfort Systems USA by 63.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 205,244 shares of the company’s stock valued at $5,833,000 after buying an additional 79,544 shares during the last quarter. Russell Frank Co increased its stake in shares of Comfort Systems USA by 27.6% in the fourth quarter. Russell Frank Co now owns 329,603 shares of the company’s stock valued at $9,492,000 after buying an additional 71,390 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Comfort Systems USA by 96.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 138,026 shares of the company’s stock valued at $3,923,000 after buying an additional 67,733 shares during the last quarter.

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. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.

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