Comfort Systems USA (NYSE:FIX) Reaches New 1-Year High – What’s Next?

Comfort Systems USA, Inc. (NYSE:FIX) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $1,179.00 and last traded at $1,155.76, with a volume of 53138 shares changing hands. The stock had previously closed at $1,160.38.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIX. UBS Group boosted their target price on 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. DA Davidson restated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Stifel Nicolaus upped 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 note on Monday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,022.00.

Comfort Systems USA Stock Down 2.5%

The company has a market capitalization of $40.29 billion, a PE ratio of 48.36 and a beta of 1.66. 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 firm has a 50 day simple moving average of $1,010.27 and a two-hundred day simple moving average of $857.52.

Insiders Place Their Bets

In other news, CFO William George III sold 4,370 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is owned by insiders.

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently modified their holdings of FIX. NewEdge Advisors LLC lifted its holdings in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares during the period. Focus Partners Wealth boosted its holdings in Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its position in Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares during the period. Signaturefd LLC increased its holdings in Comfort Systems USA by 22.9% in the second quarter. Signaturefd LLC now owns 499 shares of the construction company’s stock valued at $268,000 after buying an additional 93 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Comfort Systems USA by 40.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock valued at $3,449,000 after buying an additional 1,850 shares in the last quarter. 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.