Comfort Systems USA (NYSE:FIX) Coverage Initiated at Stifel Nicolaus

Equities researchers at Stifel Nicolaus assumed coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $524.00 price target on the construction company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 17.75% from the stock’s previous close.

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $376.00.

Comfort Systems USA Trading Up 1.3 %

Shares of Comfort Systems USA stock opened at $445.02 on Friday. Comfort Systems USA has a 1-year low of $185.83 and a 1-year high of $474.62. The company’s fifty day simple moving average is $398.73 and its 200-day simple moving average is $347.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $2.74 EPS. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, equities analysts anticipate that Comfort Systems USA will post 13.88 earnings per share for the current year.

Insider Activity

In other news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,591 shares of company stock worth $16,625,615 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in Comfort Systems USA during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $38,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $41,000. V Square Quantitative Management LLC grew its holdings in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA in the third quarter worth $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.