Comfort Systems USA (NYSE:FIX) Stock Rating Upgraded by TheStreet

Comfort Systems USA (NYSE:FIX) was upgraded by TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

FIX has been the subject of several other reports. Sidoti boosted their price objective on shares of Comfort Systems USA from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. DA Davidson reissued a “neutral” rating and set a $32.00 price objective (down from $56.00) on shares of Comfort Systems USA in a report on Wednesday, April 29th. Zacks Investment Research cut shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Finally, ValuEngine raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.33.

FIX stock opened at $38.02 on Wednesday. The firm’s 50-day moving average price is $36.38 and its two-hundred day moving average price is $41.36. Comfort Systems USA has a 12-month low of $27.54 and a 12-month high of $53.66. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.55 and a beta of 1.06. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, April 27th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. Comfort Systems USA had a net margin of 4.04% and a return on equity of 19.26%. The firm had revenue of $700.10 million for the quarter, compared to analyst estimates of $645.63 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA will post 2.36 EPS for the current year.

In other news, Director Vance W. Tang bought 10,000 shares of Comfort Systems USA stock in a transaction dated Monday, May 4th. The shares were acquired at an average price of $31.94 per share, with a total value of $319,400.00. Following the completion of the purchase, the director now owns 30,871 shares in the company, valued at approximately $986,019.74. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 19,476 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $42.71, for a total transaction of $831,819.96. Following the completion of the sale, the insider now directly owns 266,967 shares in the company, valued at approximately $11,402,160.57. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 14,115 shares of company stock valued at $444,269. Company insiders own 3.23% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC raised its stake in shares of Comfort Systems USA by 2.1% in the fourth quarter. Mason Street Advisors LLC now owns 12,775 shares of the construction company’s stock valued at $637,000 after acquiring an additional 261 shares during the period. Amalgamated Bank increased its holdings in shares of Comfort Systems USA by 4.5% during the 4th quarter. Amalgamated Bank now owns 7,071 shares of the construction company’s stock valued at $352,000 after purchasing an additional 307 shares in the last quarter. US Bancorp DE increased its holdings in shares of Comfort Systems USA by 24.6% during the 4th quarter. US Bancorp DE now owns 1,659 shares of the construction company’s stock valued at $82,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Comfort Systems USA by 3.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,797 shares of the construction company’s stock valued at $538,000 after purchasing an additional 359 shares in the last quarter. Finally, Fieldpoint Private Securities LLC increased its holdings in shares of Comfort Systems USA by 74.8% during the 4th quarter. Fieldpoint Private Securities LLC now owns 928 shares of the construction company’s stock valued at $46,000 after purchasing an additional 397 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

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