Comfort Systems USA (NYSE:FIX) Hits New 52-Week High – Time to Buy?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1,239.90 and last traded at $1,255.6130, with a volume of 11875 shares. The stock had previously closed at $1,147.97.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,064.50.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a market capitalization of $44.71 billion, a P/E ratio of 53.66 and a beta of 1.67. The business has a fifty day moving average of $1,049.52 and a 200-day moving average of $897.47.

Insider Buying and Selling

In other Comfort Systems USA news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. The trade was 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, insider Brian E. Lane sold 7,158 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,528 shares of company stock valued at $11,972,106 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in shares of Comfort Systems USA by 317.9% during the 4th quarter. TD Asset Management Inc now owns 12,722 shares of the construction company’s stock valued at $11,873,000 after purchasing an additional 9,678 shares during the period. Cibc World Market Inc. boosted its stake in Comfort Systems USA by 22.3% during the fourth quarter. Cibc World Market Inc. now owns 36,089 shares of the construction company’s stock valued at $33,682,000 after buying an additional 6,589 shares in the last quarter. Lido Advisors LLC boosted its stake in Comfort Systems USA by 71.2% during the fourth quarter. Lido Advisors LLC now owns 774 shares of the construction company’s stock valued at $681,000 after buying an additional 322 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Comfort Systems USA by 67.2% during the fourth quarter. Sivia Capital Partners LLC now owns 2,117 shares of the construction company’s stock worth $1,976,000 after acquiring an additional 851 shares during the period. Finally, Greenspring Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth about $279,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

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.