Stifel Nicolaus Boosts Comfort Systems USA (NYSE:FIX) Price Target to $581.00

Comfort Systems USA (NYSE:FIX - Get Free Report) had its price target upped by equities researchers at Stifel Nicolaus from $512.00 to $581.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price would indicate a potential upside of 7.57% from the company's previous close.

FIX has been the topic of a number of other reports. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. DA Davidson lifted their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $572.60.

Comfort Systems USA Trading Up 1.2%

FIX stock traded up $6.34 during midday trading on Friday, hitting $540.11. 263,894 shares of the company's stock were exchanged, compared to its average volume of 413,854. Comfort Systems USA has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $19.06 billion, a PE ratio of 32.40 and a beta of 1.51. The business has a 50-day simple moving average of $492.24 and a two-hundred day simple moving average of $427.27.

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

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director directly owned 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $31,000. Versant Capital Management Inc lifted its stake in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.