Comfort Systems USA, Inc. (FIX) Receives Average Rating of “Hold” from Brokerages
Comfort Systems USA, Inc. (NYSE:FIX) has earned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $83.00.
A number of equities research analysts have issued reports on FIX shares. Zacks Investment Research raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
In related news, Chairman Franklin Myers bought 5,482 shares of the stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $33.58 per share, for a total transaction of $184,085.56. Following the completion of the purchase, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total value of $67,700.00. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after purchasing an additional 173 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Comfort Systems USA in the 2nd quarter valued at about $299,000. Westwood Holdings Group Inc. boosted its position in Comfort Systems USA by 36.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 534,660 shares of the construction company’s stock valued at $19,836,000 after buying an additional 142,721 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Comfort Systems USA by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock valued at $1,075,000 after acquiring an additional 89 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Comfort Systems USA during the second quarter valued at about $1,002,000. 92.50% of the stock is owned by institutional investors.
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Comfort Systems USA (NYSE FIX) traded down 0.14% on Wednesday, hitting $36.80. 21,579 shares of the stock traded hands. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 22.16 and a beta of 1.25. Comfort Systems USA has a 12-month low of $26.90 and a 12-month high of $39.67. The firm’s 50-day moving average price is $34.17 and its 200-day moving average price is $35.07.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $465.41 million for the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a return on equity of 16.52% and a net margin of 3.77%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. On average, equities research analysts anticipate that Comfort Systems USA will post $1.76 EPS for the current fiscal year.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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