StockNews.com Downgrades Comfort Systems USA (NYSE:FIX) to Hold

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

Several other equities research analysts also recently commented on FIX. UBS Group upped their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $342.32 on Friday. The stock’s fifty day simple moving average is $317.65 and its 200 day simple moving average is $257.69. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 33.89 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA has a 52-week low of $144.45 and a 52-week high of $352.45.

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s 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 completion of the sale, the director now owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian E. Lane sold 16,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,288 shares of company stock worth $8,643,074. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Comfort Systems USA

Several large investors have recently added to or reduced their stakes in FIX. California Public Employees Retirement System boosted its holdings in Comfort Systems USA by 49.9% in the third quarter. California Public Employees Retirement System now owns 59,275 shares of the construction company’s stock worth $10,101,000 after purchasing an additional 19,741 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Comfort Systems USA by 1.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 40,639 shares of the construction company’s stock worth $6,925,000 after acquiring an additional 477 shares in the last quarter. Versor Investments LP increased its holdings in shares of Comfort Systems USA by 20.2% during the 3rd quarter. Versor Investments LP now owns 4,147 shares of the construction company’s stock valued at $707,000 after acquiring an additional 698 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $3,432,000. Finally, Arizona State Retirement System lifted its holdings in Comfort Systems USA by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 10,184 shares of the construction company’s stock worth $1,735,000 after purchasing an additional 147 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

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.