Comfort Systems USA (NYSE:FIX) Upgraded at UBS Group

Comfort Systems USA (NYSE:FIX) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage currently has a $525.00 price target on the construction company’s stock, up from their previous price target of $396.00. UBS Group’s target price suggests a potential upside of 16.33% from the company’s previous close.

Several other research firms have also recently issued reports on FIX. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $524.00 price objective for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $466.33.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $451.30 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 34.53 and a beta of 1.13. The stock’s 50-day moving average is $398.73 and its two-hundred day moving average is $348.44. Comfort Systems USA has a 1-year low of $185.83 and a 1-year high of $474.62.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. Analysts forecast that Comfort Systems USA will post 13.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 37,193 shares of the company’s stock, 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. Insiders have sold 35,746 shares of company stock worth $14,684,140 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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