Comfort Systems USA (NYSE:FIX) Stock Rating Upgraded by Wall Street Zen

Comfort Systems USA (NYSE:FIX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other research analysts have also issued reports about the company. Stifel Nicolaus increased their target price on Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Finally, DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $525.80.

Comfort Systems USA Trading Up 2.4%

Comfort Systems USA stock opened at $511.11 on Friday. The stock has a market cap of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51. The stock has a 50-day moving average price of $411.90 and a 200 day moving average price of $418.99. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 earnings per share. Equities research analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now owns 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now owns 7,236 shares of the company’s stock, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently bought and sold shares of FIX. Vanguard Group Inc. boosted its holdings in shares of Comfort Systems USA by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after acquiring an additional 21,847 shares in the last quarter. FMR LLC raised its stake in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after buying an additional 148,493 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Comfort Systems USA by 0.5% in the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after buying an additional 4,512 shares during the period. Jones Financial Companies Lllp boosted its stake in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after buying an additional 832,999 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after acquiring an additional 21,406 shares during the period. 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.