StockNews.com Upgrades Comfort Systems USA (NYSE:FIX) to Buy

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

FIX has been the topic of a number of other research reports. Stifel Nicolaus upped their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Finally, UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Stock Performance

Shares of FIX opened at $460.79 on Thursday. Comfort Systems USA has a 12-month low of $232.21 and a 12-month high of $553.09. The stock has a market cap of $16.40 billion, a P/E ratio of 35.26 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $461.47 and a two-hundred day moving average of $407.38.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently made changes to their positions in FIX. Diversified Trust Co purchased a new stake in Comfort Systems USA during the fourth quarter valued at about $2,998,000. Zacks Investment Management grew its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares during the period. Entropy Technologies LP purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $1,484,000. WCM Investment Management LLC increased its position in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after purchasing an additional 14,090 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Comfort Systems USA in the third quarter valued at approximately $940,000. 96.51% of the stock is 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.