Comfort Systems USA (NYSE:FIX – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Several other brokerages also recently issued reports on FIX. DA Davidson boosted their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a research note on Monday, June 30th. Stifel Nicolaus lifted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $558.80.
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Comfort Systems USA Price Performance
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 earnings per share. On average, analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.
Insider Buying and Selling
In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director owned 26,535 shares of the company’s stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of FIX. Tradewinds Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the first quarter valued at approximately $31,000. Versant Capital Management Inc lifted its stake in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
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.
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