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

Comfort Systems USA, Inc. (NYSE:FIX) gapped down before the market opened 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 traded.

Analyst Ratings Changes

FIX has been the subject of a number of recent research reports. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. UBS Group lifted their price target on shares of 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, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Stock Down 1.0 %

The company has a market capitalization of $14.03 billion, a PE ratio of 30.16 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $457.08 and a 200 day moving average of $411.70.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter worth about $38,000. Finally, Private Trust Co. NA boosted its position in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other 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.