Comfort Systems USA (NYSE:FIX) Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen lowered Comfort Systems USA from “strong-buy” to “buy”, though the stock still carries a Moderate Buy consensus rating overall from analysts.
• The company posted very strong quarterly results, with EPS of $10.51 beating estimates and revenue of $2.87 billion topping expectations; revenue jumped 56.5% year over year.
• Shares have surged to around $1,950.66, near the 52-week high of $2,018.05, while insiders have been selling stock and institutions remain heavily invested, with about 96.5% of shares held by hedge funds and other institutional investors.

Comfort Systems USA (NYSE:FIX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

FIX has been the subject of several other reports. UBS Group boosted their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a research report on Monday, April 27th. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. DA Davidson upped their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,923.20.

Comfort Systems USA Stock Performance

FIX stock opened at $1,950.66 on Friday. The company has a market cap of $68.66 billion, a P/E ratio of 56.28 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock's fifty day moving average price is $1,529.16 and its 200-day moving average price is $1,215.34. Comfort Systems USA has a 1 year low of $430.79 and a 1 year high of $2,018.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the company posted $4.75 EPS. The business's quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities analysts forecast that Comfort Systems USA will post 43.17 earnings per share for the current year.

Insider Transactions at Comfort Systems USA

In related news, Director William J. Sandbrook sold 1,500 shares of the company's stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares of the company's stock, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pablo G. Mercado sold 500 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the sale, the director owned 3,000 shares of the company's stock, valued at $5,339,340. The trade was a 14.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,901 shares of company stock valued at $87,618,330. Company insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company's stock valued at $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth grew its holdings in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $567,000. Finally, Sei Investments Co. lifted its holdings in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock worth $23,395,000 after buying an additional 17,839 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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