Comfort Systems USA (NYSE: FIX) downgraded to “Hold” at Zacks Investment Research
According to Zacks, “Comfort Systems USA, Inc. is a nationwide provider of full service heating, ventilation and air conditioning installation, maintenance, repair and replacement. The company operates primarily in the commercial and industrial HVAC markets and performs most of its services. in manufacturing plants, office buildings, shopping malls, apartment complexes, and healthcare, education and government facilities. Comfort Systems USA has merged with the best regional experts and now offers a national reach thanks to 36 subsidiaries ready to build, maintain or renovate mechanical, HVAC or electrical system. Whether the project is design-build or planning and specification, Comfort Systems USA can help you from design to construction with qualified professionals, quality products and a team of experienced contractors. “
FIX has been the subject of several other research reports. FIX reissued a “sell” note on Comfort Systems USA shares in a research report on Tuesday, May 25. DA Davidson raised its price target for Comfort Systems USA shares from $ 60.00 to $ 75 in a report released on Friday, April 30.
Comfort Systems USA stock traded up $ 0.12 during the Friday midday session, reaching $ 79.35. 1,166,800 shares were traded, for an average volume of 227,331. Comfort Systems USA has a one-year low at $ 37.33 and a one-year high at $ 88.53. The stock has a market cap of $ 2.88 billion, a price-to-earnings ratio of 18.28 and a beta of 1.09. The company has a debt ratio of 0.24, a quick ratio of 1.08, and a current ratio of 1.10. The company has a 50-day simple moving average of $ 82.42.
Comfort Systems USA (NYSE: FIX) last released its quarterly results on Tuesday, April 27. The construction company reported earnings per share (EPS) of $ 0.73 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.56 of $ 0.17. Comfort Systems USA had a net margin of 5.62% and a return on equity of 21.51%. The company posted revenue of $ 669.76 million for the quarter, compared to a consensus estimate of $ 680.75 million. In the same quarter of the previous year, the company posted EPS of $ 0.48. The company’s quarterly revenue was down 4.3% year-on-year. On average, equity research analysts predict Comfort Systems USA will post 3.86 EPS for the current fiscal year.
Separately, insider Brian E. Lane sold 25,988 shares of the company in a trade on Wednesday, May 5. The shares were sold at an average price of $ 84.91, for a total transaction of $ 2,206,641.08. Following the completion of the transaction, the insider now directly owns 290,183 shares of the company, valued at approximately $ 24,639,438.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In addition, COO T Mckenna Trent sold 9,000 shares in a trade on Monday, May 24th. The shares were sold at an average price of $ 80.70, for a total trade of $ 726,300.00. Following the closing of the transaction, the COO now owns 33,017 shares of the company, valued at approximately $ 2,664,471.90. Disclosure of this sale can be found here. Insiders have sold 52,189 shares of the company valued at $ 4,434,588 in the past three months. Insiders own 3.23% of the company’s shares.
Large investors have recently changed their holdings in the company. The State Board of Administration of Florida Retirement System increased its position in Comfort Systems USA shares by 0.5% in Q1. The Florida State Pension System Board now owns 28,053 shares of the construction company valued at $ 2,098,000 after acquiring an additional 130 shares during the period. O Shaughnessy Asset Management LLC increased its position in Comfort Systems USA shares by 2.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,493 shares of the construction company valued at $ 485,000 after acquiring 181 additional shares during the period. Holocene Advisors LP increased its position in Comfort Systems USA shares by 0.8% in the 1st quarter. Holocene Advisors LP now owns 24,943 shares of the construction company valued at $ 1,865,000 after acquiring 189 additional shares during the period. First Horizon Advisors Inc. increased its position in Comfort Systems USA shares by 41.8% in the 1st quarter. First Horizon Advisors Inc. now owns 733 shares of the construction company valued at $ 54,000 after acquiring 216 additional shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Comfort Systems USA shares by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 4,833 shares of the construction company valued at $ 361,000 after acquiring 288 additional shares during the period. 93.78% of the shares are currently held by hedge funds and other institutional investors.
About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair and replacement services for the mechanical and electrical service industry in the United States. It deals with the design, engineering, integration, installation and commissioning of mechanical, electrical and plumbing (MEP) systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration and monitoring of existing buildings The company offers its services for heating, ventilation and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, surveillance and fire protection.
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