Comfort Systems USA (NYSE:FIX) Price Target Raised to $575.00 at UBS Group

Comfort Systems USA (NYSE:FIX) had its price target lifted by analysts at UBS Group from $525.00 to $575.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 25.16% from the stock’s current price.

FIX has been the subject of several other research reports. Northcoast Research began 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 target for the company. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $459.41 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 12 month low of $192.06 and a 12 month high of $510.79. The company has a fifty day moving average price of $439.53 and a two-hundred day moving average price of $366.87. The company has a market cap of $16.35 billion, a PE ratio of 35.15 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the firm posted $2.74 EPS. Research analysts expect that Comfort Systems USA will post 13.95 earnings per share for the current year.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction 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 directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,200 shares of company stock valued at $15,431,250. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares during the period. Geode Capital Management LLC grew its stake in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after acquiring an additional 47,929 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after purchasing an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Comfort Systems USA in the third quarter worth approximately $138,987,000. Finally, Millennium Management LLC boosted its holdings in shares of Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after purchasing an additional 283,416 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

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.