Comfort Systems USA (NYSE:FIX) Shares Gap Down - Should You Sell?

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $434.63, but opened at $412.06. Comfort Systems USA shares last traded at $413.30, with a volume of 146,436 shares.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Stock Performance

The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 29.95 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $452.91 and a 200 day moving average of $412.86.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Consolidated Planning Corp increased its position in Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Comfort Systems USA during the fourth quarter worth $2,998,000. Zacks Investment Management lifted its stake in shares of Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $1,484,000. Finally, WCM Investment Management LLC grew its position in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock worth $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

About Comfort Systems USA

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.