Comfort Systems USA (NYSE:FIX) Shares Gap Down – Here’s What Happened

Shares of Comfort Systems USA, Inc. (NYSE:FIX) gapped down before the market opened on Monday . The stock had previously closed at $544.16, but opened at $484.03. Comfort Systems USA shares last traded at $428.32, with a volume of 245,878 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FIX shares. Stifel Nicolaus lifted their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group upped their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.75.

Comfort Systems USA Stock Down 20.2 %

The stock has a market capitalization of $15.45 billion, a P/E ratio of 33.08 and a beta of 1.23. The firm’s 50-day simple moving average is $470.89 and its 200 day simple moving average is $401.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $2.74 earnings per share. As a group, research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,500 shares of company stock worth $14,378,250 over the last quarter. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 88.0% in the 2nd quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company’s stock valued at $43,349,000 after acquiring an additional 66,703 shares during the last quarter. Millennium Management LLC raised its position in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares during the last quarter. Algert Global LLC boosted its stake in shares of Comfort Systems USA by 50.4% during the second quarter. Algert Global LLC now owns 25,295 shares of the construction company’s stock valued at $7,693,000 after purchasing an additional 8,472 shares in the last quarter. Creative Planning grew its holdings in shares of Comfort Systems USA by 10.2% during the second quarter. Creative Planning now owns 14,270 shares of the construction company’s stock worth $4,340,000 after purchasing an additional 1,318 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Comfort Systems USA by 22.0% in the second quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock valued at $106,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

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.