Wall Street Zen Upgrades Comfort Systems USA (NYSE:FIX) to Strong-Buy

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

FIX has been the subject of several other reports. William Blair initiated coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a report on Friday, October 24th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $892.75.

Comfort Systems USA Stock Down 6.4%

NYSE FIX opened at $959.12 on Friday. Comfort Systems USA has a 12 month low of $276.44 and a 12 month high of $1,036.67. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market cap of $33.83 billion, a PE ratio of 40.61 and a beta of 1.64. The stock’s 50 day moving average is $923.93 and its 200 day moving average is $738.37.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. Research analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the transaction, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,028 shares of company stock valued at $25,381,151 over the last ninety days. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIX. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $25,000. Quent Capital LLC bought a new position in Comfort Systems USA during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. raised its position in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Comfort Systems USA in the 2nd quarter worth about $27,000. Finally, Eastern Bank bought a new stake in Comfort Systems USA in the third quarter worth about $31,000. 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.