Comfort Systems USA (NYSE:FIX) Rating Lowered to Hold at StockNews.com

Comfort Systems USA (NYSE:FIX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Comfort Systems USA Stock Up 2.0 %

Shares of NYSE FIX opened at $402.53 on Friday. Comfort Systems USA has a 1 year low of $151.89 and a 1 year high of $407.61. The firm’s 50-day moving average is $343.08 and its 200-day moving average is $325.71. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $14.38 billion, a PE ratio of 39.85 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the firm earned $1.93 earnings per share. Equities analysts expect that Comfort Systems USA will post 13.79 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO William George III sold 5,845 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at approximately $12,503,914.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Comfort Systems USA by 13.6% in the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after purchasing an additional 42 shares during the period. Caprock Group LLC boosted its holdings in shares of Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after buying an additional 63 shares during the period. Sunbelt Securities Inc. increased its position in shares of Comfort Systems USA by 22.0% during the second quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock worth $106,000 after acquiring an additional 63 shares in the last quarter. CWM LLC raised its holdings in shares of Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after acquiring an additional 82 shares during the period. Finally, Lifestyle Asset Management Inc. lifted its position in Comfort Systems USA by 9.6% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock valued at $337,000 after acquiring an additional 97 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.