Comfort Systems USA (NYSE:FIX) Shares Gap Up – What’s Next?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price 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.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the business’s 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 directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,500 shares of company stock worth $9,696,090. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently made changes to their positions in FIX. Creative Planning grew its position in Comfort Systems USA by 10.2% in the 2nd quarter. Creative Planning now owns 14,270 shares of the construction company’s stock valued at $4,340,000 after acquiring an additional 1,318 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Comfort Systems USA by 22.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock valued at $106,000 after buying an additional 63 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Comfort Systems USA in the 2nd quarter worth about $4,836,000. Cetera Investment Advisers increased its position in shares of Comfort Systems USA by 3.0% during the second quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company’s stock worth $1,918,000 after acquiring an additional 186 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $601,000. Institutional investors 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.