Comfort Systems USA (NYSE:FIX) Upgraded to Buy by StockNews.com

Comfort Systems USA (NYSE:FIX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Comfort Systems USA Stock Up 2.1 %

Comfort Systems USA stock opened at $415.67 on Friday. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 41.16 and a beta of 1.13. Comfort Systems USA has a fifty-two week low of $151.89 and a fifty-two week high of $417.80. The firm has a fifty day moving average price of $352.29 and a two-hundred day moving average price of $328.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97.

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

Insider Activity at Comfort Systems USA

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its holdings in shares of Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares in the last quarter. Millennium Management LLC lifted its stake in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after buying an additional 283,416 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after buying an additional 240,466 shares during the period. Blackstone Inc. bought a new stake in shares of Comfort Systems USA during the first quarter worth $41,302,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Comfort Systems USA by 73.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 269,068 shares of the construction company’s stock worth $55,339,000 after acquiring an additional 114,115 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

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.