Comfort Systems USA (NYSE:FIX) Given New $581.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX - Get Free Report) had its target price hoisted by equities researchers at Stifel Nicolaus from $512.00 to $581.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price points to a potential upside of 6.70% from the stock's previous close.

A number of other equities analysts have also recently weighed in on FIX. DA Davidson upped their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Wall Street Zen downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $572.60.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $5.01 during midday trading on Friday, reaching $544.51. 316,693 shares of the stock were exchanged, compared to its average volume of 414,275. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 32.66 and a beta of 1.51. The firm has a 50-day simple moving average of $492.24 and a two-hundred day simple moving average of $427.13. Comfort Systems USA has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. As a group, analysts anticipate that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 in the last quarter. Corporate insiders own 1.59% of the company's stock.

Institutional Trading of Comfort Systems USA

Several large investors have recently bought and sold shares of FIX. Vanguard Group Inc. raised its holdings in shares of Comfort Systems USA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock worth $1,225,673,000 after acquiring an additional 21,847 shares during the period. FMR LLC boosted its holdings in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Comfort Systems USA by 0.5% in the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after acquiring an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after acquiring an additional 832,999 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after acquiring an additional 21,406 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

About Comfort Systems USA

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.