Comfort Systems USA (NYSE:FIX) Given New $1,196.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its target price upped by stock analysts at Stifel Nicolaus from $1,155.00 to $1,196.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 6.53% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,022.00.

Comfort Systems USA Stock Down 0.8%

Shares of NYSE FIX opened at $1,122.73 on Monday. Comfort Systems USA has a 52-week low of $276.44 and a 52-week high of $1,177.87. 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 stock has a market cap of $39.60 billion, a P/E ratio of 47.53 and a beta of 1.66. The firm has a 50 day moving average price of $990.57 and a 200 day moving average price of $844.57.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business earned $4.09 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. Analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were 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 represents a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 in the last ninety days. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIX. BCS Wealth Management acquired a new stake in Comfort Systems USA in the 4th quarter worth about $254,000. Farther Finance Advisors LLC grew its position in shares of Comfort Systems USA by 99.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,847 shares of the construction company’s stock worth $3,590,000 after purchasing an additional 1,922 shares in the last quarter. Patton Fund Management Inc. bought a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $233,000. Galvin Gaustad & Stein LLC raised its position in shares of Comfort Systems USA by 83.8% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 476 shares of the construction company’s stock valued at $444,000 after buying an additional 217 shares in the last quarter. Finally, Steph & Co. bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $97,000. Institutional investors own 96.51% of the company’s stock.

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.