Comfort Systems USA (NYSE:FIX) Reaches New 52-Week High – Time to Buy?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,214.00 and last traded at $1,179.8850, with a volume of 25127 shares. The stock had previously closed at $1,176.26.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FIX shares. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a report on Monday, January 26th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. UBS Group reissued a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,064.50.

Comfort Systems USA Price Performance

The stock has a market capitalization of $42.44 billion, a price-to-earnings ratio of 51.10 and a beta of 1.67. The company’s 50-day simple moving average is $1,019.80 and its 200-day simple moving average is $870.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Insider Buying and Selling

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,528 shares of company stock valued at $11,972,106. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Comfort Systems USA during the 3rd quarter worth $25,000. Ameriflex Group Inc. raised its holdings in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $27,000. Finally, Eastern Bank bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $31,000. 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.