Comfort Systems USA (NYSE:FIX) Reaches New 12-Month High – Here’s Why

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $516.11 and last traded at $509.46, with a volume of 28983 shares. The stock had previously closed at $503.78.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent analyst reports. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Up 3.9 %

The firm’s fifty day moving average is $464.66 and its 200-day moving average is $396.12. The company has a market capitalization of $19.58 billion, a P/E ratio of 42.09 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was 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 accessible through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company’s stock, valued at $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds have recently made changes to their positions in FIX. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter valued at $28,000. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC boosted its position in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $53,000. 96.51% of the stock is currently owned by institutional investors.

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.