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

Comfort Systems USA (NYSE:FIX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on FIX. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Stifel Nicolaus raised their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Trading Up 2.4%

NYSE FIX opened at $511.11 on Friday. Comfort Systems USA has a 12 month low of $272.93 and a 12 month high of $553.09. The stock has a market cap of $18.03 billion, a P/E ratio of 34.98 and a beta of 1.51. The stock's fifty day moving average price is $411.90 and its 200-day moving average price is $419.88. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The company's quarterly revenue was up 19.1% on a year-over-year basis. As a group, equities analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of large investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its holdings in Comfort Systems USA by 13.4% during the 1st quarter. Inspire Investing LLC now owns 2,160 shares of the construction company's stock valued at $696,000 after acquiring an additional 256 shares during the period. Strs Ohio bought a new stake in Comfort Systems USA during the 1st quarter valued at $817,000. WBI Investments LLC raised its position in Comfort Systems USA by 26.9% during the 1st quarter. WBI Investments LLC now owns 628 shares of the construction company's stock valued at $202,000 after purchasing an additional 133 shares in the last quarter. Intech Investment Management LLC raised its position in Comfort Systems USA by 21.2% during the 1st quarter. Intech Investment Management LLC now owns 49,022 shares of the construction company's stock valued at $15,801,000 after purchasing an additional 8,569 shares in the last quarter. Finally, Focus Partners Wealth raised its position 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 purchasing an additional 1,208 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

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.

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