Northcoast Research Begins Coverage on Comfort Systems USA (NYSE:FIX)

Investment analysts at Northcoast Research initiated coverage on shares of Comfort Systems USA (NYSE:FIX) in a research report issued on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $525.00 price target on the construction company’s stock. Northcoast Research’s target price indicates a potential upside of 6.91% from the company’s previous close.

A number of other brokerages have also recently weighed in on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $481.00.

Comfort Systems USA Price Performance

NYSE:FIX opened at $491.06 on Friday. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 37.58 and a beta of 1.13. The company has a 50-day moving average of $413.47 and a 200-day moving average of $353.50. Comfort Systems USA has a 52 week low of $185.83 and a 52 week high of $494.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction on 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 directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,746 shares of company stock worth $14,684,140. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $41,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA in the third quarter valued at about $53,000. Institutional investors own 96.51% of the company’s stock.

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.