Comfort Systems USA, Inc. (NYSE:FIX) was downgraded by Gilford Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday.
FIX has been the topic of several other reports. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Guggenheim downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, DA Davidson boosted their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Comfort Systems USA presently has a consensus rating of “Hold” and an average target price of $63.00.
Comfort Systems USA (FIX) traded down $0.80 on Friday, reaching $41.15. The company’s stock had a trading volume of 438,200 shares, compared to its average volume of 191,401. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,528.06, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31. Comfort Systems USA has a 52 week low of $31.33 and a 52 week high of $44.67.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. equities research analysts predict that Comfort Systems USA will post 1.78 EPS for the current year.
In related news, Director Darcy Anderson sold 10,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $42.75, for a total transaction of $427,500.00. Following the transaction, the director now directly owns 42,352 shares of the company’s stock, valued at $1,810,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herman E. Bulls sold 8,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $42.22, for a total value of $337,760.00. Following the transaction, the director now directly owns 56,620 shares in the company, valued at $2,390,496.40. The disclosure for this sale can be found here. Insiders have sold 35,905 shares of company stock worth $1,530,088 over the last three months. 3.48% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP acquired a new position in Comfort Systems USA during the second quarter valued at $256,000. Neumeier Poma Investment Counsel LLC raised its position in Comfort Systems USA by 34.3% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock valued at $32,233,000 after buying an additional 221,875 shares during the period. QS Investors LLC raised its position in Comfort Systems USA by 44.2% during the second quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock valued at $3,591,000 after buying an additional 29,658 shares during the period. Bank of New York Mellon Corp raised its position in Comfort Systems USA by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after buying an additional 253,377 shares during the period. Finally, Texas Permanent School Fund raised its position in Comfort Systems USA by 1.0% during the second quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock valued at $1,009,000 after buying an additional 268 shares during the period. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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