Stifel Nicolaus Begins Coverage on Comfort Systems USA (NYSE:FIX)

Investment analysts at Stifel Nicolaus initiated coverage on shares of Comfort Systems USA (NYSE:FIX) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $524.00 price target on the construction company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 17.75% from the company’s current price.

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $376.00.

Comfort Systems USA Stock Up 1.3 %

Shares of FIX opened at $445.02 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a 52-week low of $185.83 and a 52-week high of $474.62. The company has a market cap of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. The business has a fifty day moving average of $398.73 and a 200 day moving average of $347.84.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 EPS. On average, sell-side analysts expect that Comfort Systems USA will post 13.88 EPS for the current year.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the company’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 directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 5,845 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,591 shares of company stock worth $16,625,615 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management bought a new position in Comfort Systems USA in the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $41,000. V Square Quantitative Management LLC lifted its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA during the third quarter valued at about $53,000. 96.51% of the stock is currently owned by institutional investors.

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.