Comfort Systems USA (NYSE:FIX) Price Target Raised to $577.00 at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its target price lifted by Stifel Nicolaus from $524.00 to $577.00 in a research note published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

A number of other equities analysts have also recently commented on FIX. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. 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. Finally, Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $506.75.

Comfort Systems USA Stock Down 0.6 %

Shares of NYSE:FIX opened at $544.23 on Friday. The business has a 50-day moving average price of $470.89 and a 200 day moving average price of $399.93. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.37 billion, a price-to-earnings ratio of 41.64 and a beta of 1.23. Comfort Systems USA has a 12-month low of $201.61 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business posted $2.74 EPS. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA will post 13.95 EPS for the current year.

Insider Activity

In related news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new position in Comfort Systems USA during the third quarter worth approximately $28,000. Harbor Investment Advisory LLC increased its position in Comfort Systems USA by 183.3% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA during the third quarter worth approximately $38,000. V Square Quantitative Management LLC increased its position in 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 worth $49,000 after buying an additional 47 shares during the period. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA during the third quarter worth approximately $53,000. Hedge funds and other 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.