Comfort Systems USA (NYSE:FIX) Shares Gap Up – Time to Buy?

Comfort Systems USA, Inc. (NYSE:FIX) gapped up before the market opened on Wednesday . The stock had previously closed at $416.18, but opened at $428.88. Comfort Systems USA shares last traded at $426.96, with a volume of 102,248 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. UBS Group raised 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. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Stifel Nicolaus upped their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $506.75.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $15.04 billion, a P/E ratio of 32.22 and a beta of 1.23. The business has a 50-day simple moving average of $468.78 and a 200 day simple moving average of $402.52.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,500 shares of company stock valued at $9,696,090. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the third quarter worth $28,000. Harbor Investment Advisory LLC lifted its stake in shares of 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 buying an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC increased 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 valued at $49,000 after acquiring an additional 47 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in Comfort Systems USA in the 3rd quarter worth approximately $53,000. 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.