Comfort Systems USA (NYSE:FIX) Shares Gap Down - What's Next?

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $544.16, but opened at $484.03. Comfort Systems USA shares last traded at $428.32, with a volume of 245,878 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FIX shares. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price for the company. Finally, UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus target price of $506.75.

Comfort Systems USA Price Performance

The firm has a market cap of $14.39 billion, a PE ratio of 30.94 and a beta of 1.23. The stock has a 50 day simple moving average of $470.89 and a two-hundred day simple moving average of $401.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA's quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the business earned $2.74 earnings per share. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares of the company's stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,500 shares of company stock valued at $14,378,250 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Comfort Systems USA by 88.0% in the 2nd quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company's stock valued at $43,349,000 after purchasing an additional 66,703 shares during the last quarter. Millennium Management LLC raised its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after buying an additional 283,416 shares during the last quarter. Algert Global LLC lifted its stake in shares of Comfort Systems USA by 50.4% in the second quarter. Algert Global LLC now owns 25,295 shares of the construction company's stock worth $7,693,000 after buying an additional 8,472 shares in the last quarter. Creative Planning grew its stake in Comfort Systems USA by 10.2% during the 2nd quarter. Creative Planning now owns 14,270 shares of the construction company's stock valued at $4,340,000 after acquiring an additional 1,318 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Comfort Systems USA by 22.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company's stock valued at $106,000 after acquiring an additional 63 shares during the last quarter. 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.