Comfort Systems USA Inc. (NYSE:FIX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. “
Separately, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, August 12th.
Comfort Systems USA (NYSE:FIX) opened at 28.96 on Wednesday. The firm has a 50-day moving average of $28.71 and a 200 day moving average of $30.77. The stock has a market cap of $1.08 billion, a PE ratio of 18.82 and a beta of 1.61. Comfort Systems USA has a 12 month low of $24.22 and a 12 month high of $35.00.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Comfort Systems USA had a net margin of 3.63% and a return on equity of 16.53%. The company had revenue of $427.50 million for the quarter, compared to the consensus estimate of $447.05 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA will post $1.72 EPS for the current year.
In other news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $27.34, for a total value of $191,380.00. Following the completion of the transaction, the director now owns 23,516 shares of the company’s stock, valued at $642,927.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franklin Myers acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $29.26 per share, with a total value of $87,780.00. Following the transaction, the director now owns 178,000 shares of the company’s stock, valued at $5,208,280. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of FIX. CIBC World Markets Inc. raised its position in Comfort Systems USA by 0.5% in the first quarter. CIBC World Markets Inc. now owns 10,415 shares of the company’s stock worth $331,000 after buying an additional 47 shares in the last quarter. Arizona State Retirement System raised its position in shares of Comfort Systems USA by 0.5% in the second quarter. Arizona State Retirement System now owns 19,302 shares of the company’s stock valued at $629,000 after buying an additional 100 shares during the period. Miles Capital Inc. raised its position in shares of Comfort Systems USA by 1.4% in the second quarter. Miles Capital Inc. now owns 8,536 shares of the company’s stock valued at $278,000 after buying an additional 122 shares during the period. PineBridge Investments L.P. raised its position in shares of Comfort Systems USA by 3.1% in the second quarter. PineBridge Investments L.P. now owns 4,717 shares of the company’s stock valued at $153,000 after buying an additional 144 shares during the period. Finally, Glenmede Trust Co. NA raised its position in shares of Comfort Systems USA by 1.0% in the first quarter. Glenmede Trust Co. NA now owns 15,921 shares of the company’s stock valued at $504,000 after buying an additional 152 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comfort Systems USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.