Comfort Systems USA (NYSE:FIX) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued on Friday, Zacks.com reports.
According to Zacks, "Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. The Company operates primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. Comfort Systems USA merged with the best regional experts, and now provides nationwide reach through 36 subsidiary companies that are prepared to build, service or retrofit any mechanical, HVAC or electrical system. Whether the project is Design-Build or Plan and Spec, Comfort Systems USA can help from the design phase to construction with qualified professionals, quality products and an experienced contractor team. "
Shares of NYSE:FIX traded down $1.98 during trading on Friday, reaching $95.87. The company had a trading volume of 224,874 shares, compared to its average volume of 161,695. The company has a fifty day moving average of $98.04 and a two-hundred day moving average of $83.85. The stock has a market capitalization of $3.46 billion, a P/E ratio of 23.56 and a beta of 1.17. Comfort Systems USA has a 12 month low of $54.00 and a 12 month high of $103.74. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.35.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Tuesday, October 26th. The construction company reported $1.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.28. The firm had revenue of $833.90 million for the quarter, compared to analyst estimates of $775.03 million. Comfort Systems USA had a net margin of 5.09% and a return on equity of 19.30%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. As a group, equities research analysts predict that Comfort Systems USA will post 3.94 earnings per share for the current year.
In related news, Chairman Franklin Myers sold 74,227 shares of the stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $102.34, for a total transaction of $7,596,391.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 32,873 shares of the stock in a transaction on Monday, November 1st. The shares were sold at an average price of $92.65, for a total transaction of $3,045,683.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,155 shares of company stock worth $13,759,358. 3.25% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Advisory Services Network LLC purchased a new stake in Comfort Systems USA during the 2nd quarter valued at $28,000. Security National Trust Co. purchased a new stake in Comfort Systems USA during the 2nd quarter valued at $30,000. Bessemer Group Inc. purchased a new stake in Comfort Systems USA during the 2nd quarter valued at $35,000. Harvest Fund Management Co. Ltd lifted its position in shares of Comfort Systems USA by 141.2% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,006 shares of the construction company's stock worth $79,000 after purchasing an additional 589 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Comfort Systems USA by 200.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,228 shares of the construction company's stock worth $94,000 after purchasing an additional 1,487 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.
About Comfort Systems USA
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, Electrical Services, and Corporate. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.
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