Comfort Systems USA (NYSE:FIX) Shares Gap Down - What's Next?

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $544.16, but opened at $484.03. Comfort Systems USA shares last traded at $428.32, with a volume of 245,878 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on FIX shares. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective on the stock. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. StockNews.com lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $506.75.

Comfort Systems USA Price Performance

The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 33.57 and a beta of 1.23. The company has a 50 day simple moving average of $465.58 and a 200-day simple moving average of $404.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Insider Transactions at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares in the company, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,500 shares of company stock valued at $9,696,090 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the stock. Creative Planning lifted its stake in Comfort Systems USA by 10.2% in the second quarter. Creative Planning now owns 14,270 shares of the construction company's stock valued at $4,340,000 after acquiring an additional 1,318 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Comfort Systems USA by 22.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company's stock valued at $106,000 after purchasing an additional 63 shares during the period. Cetera Investment Advisers lifted its stake in Comfort Systems USA by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company's stock valued at $1,918,000 after purchasing an additional 186 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Comfort Systems USA during the second quarter worth about $601,000. Finally, Private Client Services LLC increased its position in Comfort Systems USA by 73.6% during the third quarter. Private Client Services LLC now owns 5,687 shares of the construction company's stock worth $2,220,000 after buying an additional 2,411 shares during the last quarter. Institutional investors and hedge funds 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.