Comfort Systems USA (NYSE:FIX) Shares Down 6.9% – Time to Sell?

Comfort Systems USA, Inc. (NYSE:FIX)’s share price dropped 6.9% during trading on Tuesday . The company traded as low as $432.69 and last traded at $432.68. Approximately 191,268 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 451,755 shares. The stock had previously closed at $464.92.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FIX shares. Stifel Nicolaus upped their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Price Performance

The firm has a market capitalization of $15.50 billion, a PE ratio of 33.35 and a beta of 1.22. 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 firm has a 50-day simple moving average of $460.35 and a 200-day simple moving average of $410.92.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIX. Cetera Investment Advisers lifted its holdings in Comfort Systems USA by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company’s stock worth $1,918,000 after purchasing an additional 186 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Comfort Systems USA in the second quarter worth $601,000. CWM LLC boosted its position in shares of Comfort Systems USA by 1,491.3% during the third quarter. CWM LLC now owns 3,469 shares of the construction company’s stock worth $1,354,000 after acquiring an additional 3,251 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of Comfort Systems USA by 4.6% during the third quarter. Ritholtz Wealth Management now owns 4,499 shares of the construction company’s stock worth $1,756,000 after acquiring an additional 197 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Comfort Systems USA by 97.6% in the 3rd quarter. Inspire Investing LLC now owns 2,259 shares of the construction company’s stock valued at $882,000 after acquiring an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.