Comfort Systems USA (NYSE:FIX) Raised to "Buy" at StockNews.com

StockNews.com upgraded shares of Comfort Systems USA (NYSE:FIX - Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

FIX has been the topic of a number of other reports. Stifel Nicolaus lifted their target price on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. 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 research report on Monday, December 9th. Finally, Northcoast Research started 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 objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $506.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $5.90 during trading hours on Thursday, reaching $465.96. 250,232 shares of the company were exchanged, compared to its average volume of 458,916. Comfort Systems USA has a 12 month low of $233.09 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 35.65 and a beta of 1.22. The stock has a 50-day moving average of $460.83 and a 200 day moving average of $409.70.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company's stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in shares of 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 buying an additional 186 shares during the period. Sanctuary Advisors LLC acquired a new position in Comfort Systems USA in the second quarter valued at about $601,000. GAMMA Investing LLC increased its holdings in shares of Comfort Systems USA by 60.1% in the third quarter. GAMMA Investing LLC now owns 562 shares of the construction company's stock worth $219,000 after acquiring an additional 211 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $433,000. Finally, CWM LLC increased its stake in Comfort Systems USA by 1,491.3% during the 3rd quarter. CWM LLC now owns 3,469 shares of the construction company's stock worth $1,354,000 after purchasing an additional 3,251 shares in 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.