Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $1,022.00

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $1,022.00.

FIX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd.

Comfort Systems USA Stock Down 2.5%

Shares of FIX opened at $1,142.32 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA has a 1 year low of $276.44 and a 1 year high of $1,200.32. The stock has a 50 day simple moving average of $1,015.22 and a two-hundred day simple moving average of $861.68. The firm has a market cap of $40.29 billion, a P/E ratio of 48.36 and a beta of 1.66.

Insiders Place Their Bets

In other news, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the transaction, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,528 shares of company stock valued at $11,972,106 over the last 90 days. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA in the third quarter worth $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $25,000. Ameriflex Group Inc. raised its stake 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 acquiring an additional 15 shares during the last quarter. Eastern Bank acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $31,000. Finally, JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.