Comfort Systems USA (NYSE:FIX) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Comfort Systems USA (NYSE:FIX) from a hold rating to a buy rating in a research note published on Thursday.

Several other research analysts have also recently weighed in on FIX. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus increased their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $506.75.

Comfort Systems USA Price Performance

Shares of FIX opened at $469.73 on Thursday. The stock’s fifty day moving average is $461.81 and its 200-day moving average is $406.95. Comfort Systems USA has a one year low of $224.94 and a one year high of $553.09. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 35.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the third quarter worth $28,000. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA during the third quarter worth $38,000. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

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.