Comfort Systems USA (NYSE:FIX) Downgraded by StockNews.com to Buy

Comfort Systems USA (NYSE:FIXGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, DA Davidson raised their price objective on shares of Comfort Systems USA from $100.00 to $114.00 in a report on Friday, July 29th.

Comfort Systems USA Trading Down 2.7 %

Shares of NYSE:FIX opened at $101.71 on Friday. Comfort Systems USA has a 12 month low of $67.91 and a 12 month high of $106.79. The company has a quick ratio of 1.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $88.19 and its 200 day simple moving average is $87.76. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 17.30 and a beta of 1.23.

Comfort Systems USA (NYSE:FIXGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The construction company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. Comfort Systems USA had a net margin of 5.93% and a return on equity of 18.99%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $914.17 million. During the same period last year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA will post 4.85 EPS for the current fiscal year.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 16,371 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $104.23, for a total value of $1,706,349.33. Following the completion of the transaction, the chief financial officer now owns 49,931 shares of the company’s stock, valued at $5,204,308.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO William George III sold 16,371 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $104.23, for a total value of $1,706,349.33. Following the completion of the transaction, the chief financial officer now owns 49,931 shares of the company’s stock, valued at $5,204,308.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 2,475 shares of Comfort Systems USA stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $101.43, for a total transaction of $251,039.25. Following the completion of the transaction, the director now directly owns 11,998 shares of the company’s stock, valued at approximately $1,216,957.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,564 shares of company stock valued at $3,467,403. Corporate insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIX. Meeder Asset Management Inc. bought a new position in shares of Comfort Systems USA in the 1st quarter valued at about $32,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after buying an additional 394 shares during the period. Prospera Financial Services Inc bought a new stake in shares of Comfort Systems USA during the 1st quarter worth about $38,000. New Century Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth about $47,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Comfort Systems USA by 420.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 536 shares of the construction company’s stock worth $48,000 after buying an additional 433 shares during the period. Institutional investors own 96.09% of the company’s stock.

Comfort Systems USA Company Profile

(Get Rating)

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

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