UBS Group Issues Positive Forecast for Comfort Systems USA (NYSE:FIX) Stock Price

Comfort Systems USA (NYSE:FIX) had its target price hoisted by equities researchers at UBS Group from $710.00 to $875.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective suggests a potential upside of 16.02% from the company’s current price.

Other research analysts have also issued reports about the stock. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $668.60.

Comfort Systems USA Stock Down 1.4%

Comfort Systems USA stock opened at $754.21 on Monday. The company has a market capitalization of $26.61 billion, a P/E ratio of 38.76 and a beta of 1.54. The firm’s fifty day simple moving average is $659.03 and its 200-day simple moving average is $500.83. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA has a 1-year low of $276.44 and a 1-year high of $772.22.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm earned $3.74 EPS. Comfort Systems USA’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares of the company’s stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of institutional investors have recently modified their holdings of FIX. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth approximately $27,000. Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Comfort Systems USA during the first quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after purchasing an additional 72 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares during the period. 96.51% of the stock is 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.