Weiss Ratings Reiterates "Buy (B)" Rating for Comfort Systems USA (NYSE:FIX)

Key Points

• Weiss Ratings has restated its "Buy (B)" rating for Comfort Systems USA (NYSE: FIX), indicating continued confidence in the company’s performance amidst mixed ratings from other analysts.
• The stock reached a price of $848.12 after increasing by 3.9%, with a significant market cap of $29.92 billion and a 52-week range of $276.44 to $852.31.
• Comfort Systems USA reported strong quarterly earnings, posting $6.53 earnings per share and $2.17 billion in revenue, exceeding analyst expectations.

Comfort Systems USA (NYSE:FIX - Get Free Report)'s stock had its "buy (b)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. DA Davidson boosted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a report on Monday, September 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $668.60.

Comfort Systems USA Trading Up 3.9%

Shares of Comfort Systems USA stock traded up $31.59 on Wednesday, hitting $848.12. 77,879 shares of the company traded hands, compared to its average volume of 453,466. The stock's 50 day moving average price is $739.14 and its 200-day moving average price is $554.54. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA has a 52 week low of $276.44 and a 52 week high of $852.31. The company has a market cap of $29.92 billion, a PE ratio of 43.59 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.74 earnings per share. Equities research analysts predict that Comfort Systems USA will post 16.85 EPS for the current year.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company's stock.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently bought and sold shares of the business. Wedmont Private Capital raised its holdings in Comfort Systems USA by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company's stock valued at $406,000 after acquiring an additional 18 shares during the last quarter. Balefire LLC boosted its position in shares of Comfort Systems USA by 38.6% during the 3rd quarter. Balefire LLC now owns 571 shares of the construction company's stock worth $471,000 after purchasing an additional 159 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $3,971,000. Moody National Bank Trust Division lifted its holdings in Comfort Systems USA by 91.8% during the 3rd quarter. Moody National Bank Trust Division now owns 5,746 shares of the construction company's stock worth $4,741,000 after buying an additional 2,750 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in Comfort Systems USA by 17.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 6,740 shares of the construction company's stock worth $5,562,000 after buying an additional 995 shares in the last quarter. Institutional investors and hedge funds 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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