Comfort Systems USA (NYSE:FIX) Shares Down 6.9% - Here's What Happened

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) fell 6.9% during trading on Tuesday . The stock traded as low as $432.69 and last traded at $432.68. 191,268 shares traded hands during trading, a decline of 58% from the average session volume of 451,755 shares. The stock had previously closed at $464.92.

Analysts Set New Price Targets

FIX has been the topic of a number of research reports. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective for the company. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $506.75.

Comfort Systems USA Trading Down 0.9 %

The firm has a market capitalization of $13.93 billion, a P/E ratio of 29.95 and a beta of 1.22. The stock's 50-day simple moving average is $452.91 and its two-hundred day simple moving average is $413.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA in the 4th quarter valued at $217,771,000. Norges Bank bought a new position in shares of Comfort Systems USA during the 4th quarter valued at about $196,154,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Comfort Systems USA during the third quarter valued at about $138,987,000. JPMorgan Chase & Co. increased its holdings in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares in the last quarter. 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.