Stifel Nicolaus Boosts Comfort Systems USA (NYSE:FIX) Price Target to $577.00

Comfort Systems USA (NYSE:FIX) had its target price hoisted by equities researchers at Stifel Nicolaus from $524.00 to $577.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 6.02% from the stock’s current price.

Several other research analysts have also recently commented on the stock. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. 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 price objective for the company. Finally, StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $506.75.

Comfort Systems USA Trading Down 0.6 %

Comfort Systems USA stock opened at $544.23 on Friday. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 41.64 and a beta of 1.23. Comfort Systems USA has a 1 year low of $201.61 and a 1 year high of $553.09. The firm’s 50 day moving average price is $470.89 and its two-hundred day moving average price is $400.62. 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 announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $2.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA will post 13.95 EPS for the current fiscal year.

Insider Activity at Comfort Systems USA

In other news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in FIX. State Street Corp lifted its stake in Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $138,987,000. Millennium Management LLC increased its position in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Comfort Systems USA by 20.6% during the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after buying an additional 43,691 shares in the last quarter. Institutional investors 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.