Comfort Systems USA, Inc. (NYSE:FIX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1,022.00.

Several research firms have recently weighed in on FIX. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, UBS Group upped their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,159.22 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $1,177.87. The company has a 50 day simple moving average of $999.53 and a two-hundred day simple moving average of $853.12. The company has a market capitalization of $40.89 billion, a PE ratio of 49.08 and a beta of 1.66.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,528 shares of company stock valued at $15,806,986 over the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently bought and sold shares of FIX. Monument Capital Management purchased a new stake in Comfort Systems USA in the 2nd quarter valued at about $3,629,000. Private Client Services LLC grew its holdings in shares of Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after acquiring an additional 2,354 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after acquiring an additional 15,831 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $2,392,000. Finally, Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA during the second quarter worth $27,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.