Comfort Systems USA (NYSE:FIX - Get Free Report) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $525.00 target price on the construction company's stock, up from their previous target price of $396.00. UBS Group's target price would suggest a potential upside of 10.68% from the company's previous close.
A number of other research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday. They set a "buy" rating and a $524.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $466.33.
Read Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Stock Up 5.2 %
Shares of NYSE FIX traded up $23.34 during midday trading on Tuesday, hitting $474.34. The stock had a trading volume of 396,992 shares, compared to its average volume of 383,244. The business's 50 day moving average is $401.57 and its 200-day moving average is $349.45. The company has a market cap of $16.88 billion, a P/E ratio of 34.53 and a beta of 1.13. Comfort Systems USA has a 52 week low of $185.83 and a 52 week high of $474.73. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business's revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 earnings per share. As a group, analysts predict that Comfort Systems USA will post 13.88 EPS for the current year.
Insider Buying and Selling at Comfort Systems USA
In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company's stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares of the company's stock, valued at approximately $12,503,914.67. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,746 shares of company stock valued at $14,684,140. Insiders own 1.80% of the company's stock.
Institutional Trading of Comfort Systems USA
A number of hedge funds and other institutional investors have recently modified their holdings of FIX. Hollencrest Capital Management purchased a new position in Comfort Systems USA during the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Comfort Systems USA during the third quarter valued at $38,000. V Square Quantitative Management LLC grew its stake in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock valued at $49,000 after acquiring an additional 47 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA during the second quarter valued at $41,000. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA during the third quarter valued at $53,000. 96.51% of the stock is owned by hedge funds and other institutional investors.
About Comfort Systems USA
(
Get Free Report)
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.
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