William Blair Initiates Coverage on Comfort Systems USA (NYSE:FIX)

Key Points

• William Blair has initiated coverage on Comfort Systems USA (NYSE:FIX) with an "outperform" rating, indicating a positive outlook for the company's stock.
• Comfort Systems USA reported earnings of $6.53 per share for the last quarter, significantly beating analysts' expectations of $4.84, while revenue grew by 20.1% year-over-year.
• The stock has an average price target of $635.60 with a consensus rating of "Buy" from analysts, reflecting strong market confidence despite mixed ratings from various research firms.

Research analysts at William Blair initiated coverage on shares of Comfort Systems USA (NYSE:FIX - Get Free Report) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the construction company's stock.

Other equities research analysts have also issued research reports about the stock. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $635.60.

Comfort Systems USA Trading Up 6.3%

Shares of FIX opened at $754.20 on Thursday. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $757.12. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 38.76 and a beta of 1.54. The firm has a 50 day moving average price of $650.24 and a 200-day moving average price of $493.50. 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 (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.74 earnings per share. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction 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. The trade was a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. Archer Investment Corp raised its stake in Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company's stock worth $145,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $107,000 after purchasing an additional 22 shares during the period. Transce3nd LLC raised its stake in shares of Comfort Systems USA by 12.9% in the second quarter. Transce3nd LLC now owns 192 shares of the construction company's stock worth $104,000 after purchasing an additional 22 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company's stock worth $1,602,000 after purchasing an additional 25 shares during the period. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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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