Comfort Systems USA (NYSE:FIX) Raised to “Strong-Buy” at Zacks Research

Comfort Systems USA (NYSE:FIX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

FIX has been the topic of several other research reports. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. UBS Group boosted their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. DA Davidson boosted their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1,923.20.

Comfort Systems USA Stock Up 3.2%

Shares of FIX opened at $1,886.97 on Monday. The stock has a market capitalization of $66.42 billion, a price-to-earnings ratio of 54.44 and a beta of 1.70. Comfort Systems USA has a 1 year low of $465.05 and a 1 year high of $2,073.99. The business’s 50 day simple moving average is $1,666.57 and its 200-day simple moving average is $1,306.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 EPS. As a group, equities analysts expect that Comfort Systems USA will post 43.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the sale, the chief financial officer directly owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,352 shares of company stock worth $53,724,598 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently made changes to their positions in the stock. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. Spire Wealth Management raised its stake in Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Caerus Investment Advisors LLC purchased a new stake in Comfort Systems USA in the third quarter valued at about $767,000. Moran Wealth Management LLC increased its holdings in shares of Comfort Systems USA by 34.0% in the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Comfort Systems USA by 3,378.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock valued at $79,079,000 after purchasing an additional 82,295 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.