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

Key Points

• Comfort Systems USA has been upgraded from a "buy" rating to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the stock's performance.
• Despite the upgrade, other analysts like Northcoast Research and Zacks Research have issued varying ratings, with some downgrading their outlook on the company.
• The stock is currently trading at $981.15 and has shown significant volatility, with a one-year low of $276.44 and a high of $1,002.64.

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

A number of other research analysts have also commented on the company. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson set a $810.00 target price on Comfort Systems USA in a report on Friday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Friday. William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $766.20.

Comfort Systems USA Price Performance

Shares of FIX opened at $981.15 on Friday. The firm has a market capitalization of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA has a one year low of $276.44 and a one year high of $1,002.64. The stock's fifty day moving average is $776.79 and its 200-day moving average is $598.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 46.08% and a net margin of 10.06%. Equities analysts anticipate that Comfort Systems USA will post 16.85 EPS for the current year.

Insiders Place Their Bets

In related news, CFO William George III sold 8,436 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares of the company's stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 over the last three months. Company insiders own 1.59% of the company's stock.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the stock. MGO One Seven LLC boosted its position in Comfort Systems USA by 4.1% during the 3rd quarter. MGO One Seven LLC now owns 1,532 shares of the construction company's stock worth $1,264,000 after acquiring an additional 60 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $303,000. New York State Teachers Retirement System boosted its position in Comfort Systems USA by 19.4% during the 3rd quarter. New York State Teachers Retirement System now owns 32,341 shares of the construction company's stock worth $26,687,000 after acquiring an additional 5,262 shares during the period. Avion Wealth boosted its position in Comfort Systems USA by 1,800.0% during the 3rd quarter. Avion Wealth now owns 57 shares of the construction company's stock worth $47,000 after acquiring an additional 54 shares during the period. Finally, World Equity Group Inc. acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $302,000. Institutional investors and hedge funds 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.

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