Comfort Systems USA, Inc. (NYSE:FIX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, October 25th.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “
Separately, BidaskClub upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Comfort Systems USA presently has a consensus rating of “Hold” and an average target price of $63.00.
Comfort Systems USA (NYSE FIX) traded down $0.80 during midday trading on Wednesday, hitting $41.15. 438,200 shares of the stock traded hands, compared to its average volume of 194,156. The company has a market cap of $1,500.00, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33. Comfort Systems USA has a 12-month low of $31.33 and a 12-month high of $44.67.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $480.85 million for the quarter, compared to the consensus estimate of $469.53 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. equities analysts forecast that Comfort Systems USA will post 1.78 EPS for the current fiscal year.
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In related news, Director Herman E. Bulls sold 8,000 shares of Comfort Systems USA stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $42.22, for a total value of $337,760.00. Following the completion of the sale, the director now directly owns 56,620 shares in the company, valued at approximately $2,390,496.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total value of $86,480.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,905 shares of company stock valued at $1,530,088. 3.48% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in shares of Comfort Systems USA by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after acquiring an additional 173 shares during the period. Riverhead Capital Management LLC lifted its holdings in Comfort Systems USA by 85.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after purchasing an additional 1,363 shares in the last quarter. Advisor Group Inc. lifted its holdings in Comfort Systems USA by 27.2% in the 2nd quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after purchasing an additional 706 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Comfort Systems USA by 11.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after acquiring an additional 542 shares in the last quarter. Finally, Biltmore Wealth Management LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $209,000. Institutional investors own 92.86% of the company’s stock.
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.
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