Comfort Systems USA (NYSE:FIX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Comfort Systems USA from "buy" to "strong-buy" and multiple brokers have raised targets, leaving a consensus target price of $1,923.20 and an average rating of "Moderate Buy."
• Quarterly results markedly beat expectations — EPS $10.51 vs. $6.81 consensus and revenue $2.87B vs. $2.39B, a 56.5% year‑over‑year revenue increase; analysts forecast FY EPS of 43.42.
• Notable insider selling occurred recently, with insiders offloading 39,288 shares worth about $57.17M over the last three months (insiders own 1.24%), while institutional investors hold 96.51% of the stock.

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

Several other brokerages also recently weighed in on FIX. KeyCorp raised Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. UBS Group upped their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,923.20.

Comfort Systems USA Price Performance

FIX stock opened at $1,870.95 on Friday. The stock has a 50-day moving average price of $1,497.63 and a two-hundred day moving average price of $1,186.36. Comfort Systems USA has a 12-month low of $420.88 and a 12-month high of $1,877.35. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 earnings per share. The firm's quarterly revenue was up 56.5% compared to the same quarter last year. As a group, research analysts predict that Comfort Systems USA will post 43.42 EPS for the current year.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 4,500 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares of the company's stock, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director directly owned 9,166 shares of the company's stock, valued at $13,229,471.12. This represents a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,288 shares of company stock valued at $57,165,933 in the last three months. 1.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its holdings in Comfort Systems USA by 98.6% in the first quarter. Citizens Financial Group Inc. RI now owns 1,021 shares of the construction company's stock valued at $1,408,000 after purchasing an additional 507 shares during the last quarter. Fifth Third Bancorp raised its stake in Comfort Systems USA by 193.9% during the first quarter. Fifth Third Bancorp now owns 4,905 shares of the construction company's stock valued at $6,763,000 after buying an additional 3,236 shares in the last quarter. Sovran Advisors LLC acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $170,000. Simplicity Wealth LLC acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $257,000. Finally, Avid Wealth Partners LLC acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $234,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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