Comfort Systems USA (NYSE:FIX) Upgraded at StockNews.com

Comfort Systems USA (NYSE:FIX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $460.79 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 1-year low of $232.21 and a 1-year high of $553.09. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22. The business has a 50-day moving average of $461.47 and a 200-day moving average of $407.38.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $28,000. Harbor Investment Advisory LLC boosted its holdings in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the third quarter valued at $38,000. Private Trust Co. NA raised its holdings 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 purchasing an additional 31 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds 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.