Comfort Systems USA (NYSE:FIX) Price Target Raised to $575.00

Comfort Systems USA (NYSE:FIX) had its price objective hoisted by investment analysts at UBS Group from $525.00 to $575.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 24.33% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Trading Down 6.9 %

Shares of FIX stock traded down $34.51 during mid-day trading on Monday, hitting $462.49. 344,144 shares of the company’s stock were exchanged, compared to its average volume of 379,711. The stock has a 50-day simple moving average of $436.69 and a two-hundred day simple moving average of $365.12. Comfort Systems USA has a fifty-two week low of $192.06 and a fifty-two week high of $510.79. 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 stock has a market cap of $16.46 billion, a price-to-earnings ratio of 35.39 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $2.74 EPS. The business’s quarterly revenue was up 31.5% on a year-over-year basis. Equities analysts expect that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the firm’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 value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’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 completion of the transaction, the insider now owns 204,205 shares in the company, valued at $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 quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its position in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after acquiring an additional 31 shares during the last quarter. Signaturefd LLC raised its position in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after purchasing an additional 32 shares during the period. OneDigital Investment Advisors LLC increased its position in Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after acquiring an additional 34 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after acquiring an additional 35 shares during the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock valued at $673,000 after purchasing an additional 40 shares during the period. 96.51% of the stock is owned by institutional investors.

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.