Comfort Systems USA (NYSE:FIX) Shares Gap Down – Here’s What Happened

Shares of Comfort Systems USA, Inc. (NYSE:FIX) gapped down prior to trading on Wednesday . The stock had previously closed at $434.63, but opened at $412.06. Comfort Systems USA shares last traded at $413.30, with a volume of 146,436 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIX. Stifel Nicolaus raised their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Trading Down 6.7 %

The stock has a market cap of $14.43 billion, a PE ratio of 31.19 and a beta of 1.22. The firm has a 50-day simple moving average of $459.13 and a 200-day simple moving average of $411.80. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in Comfort Systems USA in the 2nd quarter worth approximately $601,000. CWM LLC lifted its stake in Comfort Systems USA by 1,491.3% in the 3rd quarter. CWM LLC now owns 3,469 shares of the construction company’s stock worth $1,354,000 after purchasing an additional 3,251 shares in the last quarter. Inspire Investing LLC raised its position in shares of Comfort Systems USA by 97.6% during the 3rd quarter. Inspire Investing LLC now owns 2,259 shares of the construction company’s stock valued at $882,000 after buying an additional 1,116 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Comfort Systems USA by 372.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,525 shares of the construction company’s stock valued at $2,547,000 after buying an additional 5,143 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $38,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.