Comfort Systems USA (NYSE:FIX) Upgraded by Glj Research to Strong-Buy Rating

Comfort Systems USA (NYSE:FIX) was upgraded by equities research analysts at Glj Research to a “strong-buy” rating in a report issued on Monday, Marketbeat.com reports.

FIX has been the subject of several other reports. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, UBS Group reissued a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,732.50.

Comfort Systems USA Trading Down 0.3%

Shares of NYSE:FIX opened at $1,674.88 on Monday. Comfort Systems USA has a twelve month low of $333.60 and a twelve month high of $1,719.00. The firm has a market cap of $58.93 billion, a P/E ratio of 57.95 and a beta of 1.60. The company has a 50 day moving average of $1,438.47 and a 200-day moving average of $1,145.55. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the business earned $4.09 earnings per share. The business’s quarterly revenue was up 41.7% on a year-over-year basis. As a group, analysts anticipate that Comfort Systems USA will post 37.06 earnings per share for the current fiscal year.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the sale, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the sale, the director directly owned 73,995 shares in the company, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,288 shares of company stock worth $53,677,038. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares in the last quarter. Focus Partners Wealth grew its stake in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares during the period. WINTON GROUP Ltd acquired a new position in Comfort Systems USA in the 2nd quarter valued at approximately $567,000. Finally, Sei Investments Co. increased its stake in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after buying an additional 17,839 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

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.