Comfort Systems USA (NYSE:FIX – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.
Other analysts have also issued reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. UBS Group upped their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $2,057.86.
Get Our Latest Stock Analysis on Comfort Systems USA
Comfort Systems USA Trading Down 6.8%
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $6.53 EPS. The company’s quarterly revenue was up 50.3% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA will post 46.77 earnings per share for the current fiscal year.
Insider Buying and Selling at Comfort Systems USA
In other news, CFO William George III sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the sale, the chief financial officer directly owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 28,778 shares of company stock valued at $56,257,229. 1.24% of the stock is owned by company insiders.
Institutional Investors Weigh In On Comfort Systems USA
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signature Equity Partners LLC lifted its position in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after buying an additional 5 shares in the last quarter. Coston McIsaac & Partners grew its holdings in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after buying an additional 7 shares in the last quarter. Petra Financial Advisors Inc. increased its stake in shares of Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after acquiring an additional 7 shares during the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds 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.
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