Comfort Systems USA (NYSE:FIX) Given New $1,196.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its price target hoisted by Stifel Nicolaus from $1,155.00 to $1,196.00 in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other research firms have also recently weighed in on FIX. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,022.00.

Comfort Systems USA Stock Up 0.6%

Shares of Comfort Systems USA stock opened at $1,128.06 on Monday. The stock has a market capitalization of $39.79 billion, a price-to-earnings ratio of 47.76 and a beta of 1.66. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,177.87. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $994.74 and its 200-day simple moving average is $848.76.

Insider Activity

In other news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,028 shares of company stock worth $25,381,151 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the business. Moran Wealth Management LLC lifted its stake in Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares during the last quarter. SMART Wealth LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at $285,000. Merit Financial Group LLC lifted its position in shares of Comfort Systems USA by 24.5% during the 4th quarter. Merit Financial Group LLC now owns 5,946 shares of the construction company’s stock valued at $5,550,000 after acquiring an additional 1,172 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Comfort Systems USA by 149.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,036 shares of the construction company’s stock worth $10,300,000 after acquiring an additional 6,607 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its position in shares of Comfort Systems USA by 64.9% during the fourth quarter. Parcion Private Wealth LLC now owns 1,131 shares of the construction company’s stock worth $1,056,000 after purchasing an additional 445 shares during the period. Institutional investors own 96.51% of the company’s stock.

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.