Comfort Systems USA, Inc. (NYSE:FIX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “

Several other research analysts have also recently issued reports on FIX. DA Davidson increased their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research note on Monday. BidaskClub raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Comfort Systems USA has a consensus rating of “Hold” and an average target price of $63.00.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The firm had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis.

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In related news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $42.75, for a total value of $427,500.00. Following the transaction, the director now directly owns 42,352 shares of the company’s stock, valued at approximately $1,810,548. The disclosure for this sale can be found here. In the last three months, insiders sold 27,905 shares of company stock valued at $1,192,328. Company insiders own 3.48% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its stake in Comfort Systems USA by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock valued at $496,000 after buying an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 buying an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Comfort Systems USA by 6.8% in the 2nd 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. Texas Permanent School Fund boosted its position in shares of Comfort Systems USA by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 268 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Comfort Systems USA by 4.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock valued at $326,000 after purchasing an additional 360 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

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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