Comfort Systems USA (NYSE:FIX) Now Covered by DA Davidson

Investment analysts at DA Davidson assumed coverage on shares of Comfort Systems USA (NYSE:FIX) in a report issued on Friday. The firm set a “buy” rating and a $2,100.00 price target on the construction company’s stock. DA Davidson’s price objective would suggest a potential upside of 25.42% from the stock’s previous close.

FIX has been the subject of a number of other reports. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a report on Monday, July 27th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Trading Down 1.3%

Shares of FIX opened at $1,674.43 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA has a 1-year low of $670.19 and a 1-year high of $2,073.99. The stock has a market cap of $58.92 billion, a price-to-earnings ratio of 41.18 and a beta of 1.69. The firm has a 50 day simple moving average of $1,788.02 and a 200-day simple moving average of $1,655.06.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 EPS. Equities analysts forecast that Comfort Systems USA will post 46.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,096 shares of company stock valued at $31,186,647 in the last quarter. 1.24% of the stock is currently owned by company insiders.

Institutional Trading of Comfort Systems USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Equity Partners LLC lifted its position in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after acquiring an additional 5 shares during the period. Capital Advisors Inc. OK increased its position in shares of Comfort Systems USA by 1.9% during the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after purchasing an additional 6 shares during the period. Coston McIsaac & Partners increased its position in shares of Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the period. Petra Financial Advisors Inc. raised its stake in shares of Comfort Systems USA by 0.7% in the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after purchasing an additional 7 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

About Comfort Systems USA

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.