Comfort Systems USA (NYSE:FIX) Given New $577.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its price objective hoisted by Stifel Nicolaus from $524.00 to $577.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts have also issued research reports about the company. Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, UBS Group upped their price objective 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $506.75.

Comfort Systems USA Trading Down 0.6 %

NYSE:FIX opened at $544.23 on Friday. The firm has a market cap of $19.37 billion, a P/E ratio of 41.64 and a beta of 1.23. 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 stock’s 50 day simple moving average is $470.89 and its 200-day simple moving average is $399.93. Comfort Systems USA has a 12-month low of $201.61 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its 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 for the quarter, compared to analyst estimates 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 revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. Equities analysts anticipate that Comfort Systems USA will post 13.95 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction 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 owns 23,990 shares in the company, valued at $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 ninety days, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Comfort Systems USA

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