Comfort Systems USA (NYSE:FIX) Rating Increased 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 note issued to investors on Saturday.

A number of other analysts have also issued reports on the company. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus raised their price objective 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. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $506.75.

Comfort Systems USA Stock Performance

FIX stock traded down $7.25 during mid-day trading on Friday, reaching $383.98. 130,720 shares of the stock traded hands, compared to its average volume of 483,947. 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 business has a 50-day moving average of $451.49 and a two-hundred day moving average of $413.88. The firm has a market capitalization of $13.67 billion, a PE ratio of 29.38 and a beta of 1.22. Comfort Systems USA has a 52 week low of $239.80 and a 52 week high of $553.09.

Insider Activity

In other Comfort Systems USA news, 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 transaction of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Partners Advisor Solutions LLC bought a new position in Comfort Systems USA during the fourth quarter worth about $214,000. PharVision Advisers LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $333,000. Waverly Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $635,000. Virtus Investment Advisers Inc. boosted its stake in Comfort Systems USA by 99.4% in the 4th quarter. Virtus Investment Advisers Inc. now owns 4,086 shares of the construction company's stock valued at $1,733,000 after buying an additional 2,037 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Comfort Systems USA by 45.9% in the fourth quarter. Squarepoint Ops LLC now owns 67,896 shares of the construction company's stock valued at $28,792,000 after acquiring an additional 21,361 shares during the period. 96.51% of the stock is owned by institutional investors.

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.