Comfort Systems USA (NYSE:FIX) Reaches New 52-Week High – Still a Buy?

Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $516.11 and last traded at $509.46, with a volume of 28983 shares. The stock had previously closed at $503.78.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Finally, UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $493.50.

Comfort Systems USA Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business’s fifty day moving average price is $464.66 and its 200-day moving average price is $396.12. The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 42.09 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The business 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 company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 EPS. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Insider Activity

In other Comfort Systems USA 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 approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated 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. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. State Street Corp raised its position 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 worth $412,038,000 after acquiring an additional 6,496 shares during the period. Geode Capital Management LLC increased its stake in shares of Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Comfort Systems USA in the third quarter valued at approximately $138,987,000. Millennium Management LLC lifted its stake 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. Finally, Royal London Asset Management Ltd. grew 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 purchasing an additional 43,691 shares during the period. 96.51% of the stock is owned by 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.