Comfort Systems USA (NYSE:FIX) Downgraded by StockNews.com to “Hold”

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

Several other research analysts have also weighed in on the stock. KeyCorp started coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, UBS Group raised their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th.

Comfort Systems USA Trading Up 0.2 %

Shares of FIX stock traded up $0.75 during trading hours on Thursday, hitting $346.96. 348,829 shares of the company were exchanged, compared to its average volume of 360,208. The firm has a market cap of $12.39 billion, a PE ratio of 34.35 and a beta of 1.20. Comfort Systems USA has a 1 year low of $144.45 and a 1 year high of $351.49. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $312.83 and a 200 day moving average of $244.61.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. Analysts expect that Comfort Systems USA will post 11.9 earnings per share for the current year.

Insider Activity at Comfort Systems USA

In related news, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Comfort Systems USA news, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,114 shares of company stock worth $14,946,495. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after buying an additional 50,001 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Comfort Systems USA during the third quarter worth approximately $202,433,000. FMR LLC grew its position in shares of Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Comfort Systems USA by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock worth $81,244,000 after buying an additional 112,185 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $87,733,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

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.