Zacks Investment Research downgraded shares of Comfort Systems USA (NYSE:FIX) from a buy rating to a hold rating in a research note published on Monday morning.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. The Company operates 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. Comfort Systems USA merged with the best regional experts, and now provides nationwide reach through 36 subsidiary companies that are prepared to build, service or retrofit any mechanical, HVAC or electrical system. Whether the project is Design-Build or Plan and Spec, Comfort Systems USA can help from the design phase to construction with qualified professionals, quality products and an experienced contractor team. “
Several other brokerages have also weighed in on FIX. DA Davidson increased their price objective on shares of Comfort Systems USA to $43.00 and gave the company a neutral rating in a research report on Monday, October 30th. Gilford Securities lowered shares of Comfort Systems USA from a buy rating to a neutral rating in a research report on Friday, November 10th. Finally, Guggenheim lowered shares of Comfort Systems USA from a buy rating to a neutral rating in a research report on Friday, November 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $58.67.
Shares of Comfort Systems USA (NYSE:FIX) traded down $0.50 on Monday, hitting $43.00. 111,900 shares of the stock traded hands, compared to its average volume of 112,900. The company has a market capitalization of $1,615.34, a price-to-earnings ratio of 25.00, a PEG ratio of 2.03 and a beta of 1.28. Comfort Systems USA has a 52 week low of $31.90 and a 52 week high of $44.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $480.85 million for the quarter, compared to analyst estimates 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 was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. sell-side analysts expect that Comfort Systems USA will post 1.78 EPS for the current year.
In related news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.24, for a total transaction of $86,480.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian E. Lane sold 19,389 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $42.35, for a total transaction of $821,124.15. Following the transaction, the insider now directly owns 203,021 shares in the company, valued at $8,597,939.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,473 shares of company stock worth $2,986,454. 3.48% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in FIX. Public Employees Retirement System of Ohio increased its position in 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 worth $101,000 after acquiring an additional 173 shares during the period. Riverhead Capital Management LLC increased its position in Comfort Systems USA by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after acquiring an additional 1,363 shares during the period. Advisor Group Inc. increased its position in Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after acquiring an additional 706 shares during the period. Victory Capital Management Inc. increased its position in Comfort Systems USA by 11.5% during the second 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 during the period. Finally, Magnetar Financial LLC bought a new position in Comfort Systems USA during the third quarter worth about $202,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.
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Comfort Systems USA Company Profile
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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