Comfort Systems USA, Inc. (NYSE:FIX) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report issued on Friday.

A number of other brokerages have also recently issued reports on FIX. Zacks Investment Research cut shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. DA Davidson lifted their price objective on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Comfort Systems USA currently has an average rating of “Hold” and an average target price of $63.00.

Shares of Comfort Systems USA (NYSE:FIX) opened at $41.15 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,528.06, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. Comfort Systems USA has a twelve month low of $31.33 and a twelve month high of $44.67.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. equities analysts predict that Comfort Systems USA will post 1.78 EPS for the current fiscal year.

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In related news, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $42.75, for a total transaction of $427,500.00. Following the transaction, the director now directly owns 42,352 shares of the company’s stock, valued at $1,810,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Shaeff sold 15,905 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the transaction, the insider now directly owns 35,472 shares in the company, valued at $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 over the last quarter. Corporate insiders own 3.48% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of Comfort Systems USA by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock valued at $496,000 after purchasing an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Comfort Systems USA by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock valued at $1,075,000 after purchasing an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after purchasing an additional 173 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of 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 in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Comfort Systems USA by 4.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock valued at $326,000 after purchasing an additional 360 shares in the last quarter. 92.86% of the stock is currently owned by institutional investors.

About Comfort Systems USA

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.

Analyst Recommendations for Comfort Systems USA (NYSE:FIX)

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