Comfort Systems USA (NYSE:FIX) Shares Gap Down - Here's Why

Shares of Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) 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 changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIX. Stifel Nicolaus upped 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 began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. UBS Group upped their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and a consensus target price of $506.75.

Comfort Systems USA Stock Up 0.6 %

The stock has a market cap of $14.01 billion, a PE ratio of 30.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company's 50-day moving average price is $451.49 and its 200 day moving average price is $413.88.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company's stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after buying an additional 67,240 shares in the last quarter. FMR LLC grew its holdings in Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after buying an additional 148,493 shares in the last quarter. State Street Corp grew its holdings in Comfort Systems USA by 0.6% during the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company's stock valued at $412,038,000 after buying an additional 6,496 shares in the last quarter. Geode Capital Management LLC grew its holdings in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after buying an additional 21,406 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA during the 4th quarter valued at approximately $217,771,000. 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.