Comfort Systems USA (NYSE:FIX) Price Target Raised to $577.00 at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its price objective lifted by Stifel Nicolaus from $524.00 to $577.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

FIX has been the topic of a number of other research reports. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $506.75.

Comfort Systems USA Stock Down 0.6 %

Shares of NYSE FIX opened at $544.23 on Friday. Comfort Systems USA has a 52-week low of $201.61 and a 52-week high of $553.09. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 41.64 and a beta of 1.23. The stock has a 50 day moving average price of $470.89 and a 200 day moving average price of $400.62. 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 issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 EPS. Sell-side analysts expect that Comfort Systems USA will post 13.95 earnings per share for the current year.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares in the company, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,500 shares of company stock worth $14,378,250 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Comfort Systems USA

A number of hedge funds have recently added to or reduced their stakes in FIX. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA in the third quarter worth about $138,987,000. Millennium Management LLC increased its stake in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Jennison Associates LLC raised its holdings in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC raised its holdings in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after purchasing an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Comfort Systems USA during the second quarter worth approximately $29,743,000. 96.51% of the stock is owned by hedge funds and other 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.