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

Shares of Comfort Systems USA, Inc. (NYSE:FIX) gapped down prior to trading on Friday . The stock had previously closed at $413.47, but opened at $389.95. Comfort Systems USA shares last traded at $369.10, with a volume of 205,001 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Comfort Systems USA Stock Performance

The firm’s 50 day simple moving average is $370.44 and its 200 day simple moving average is $334.95. The firm has a market cap of $13.05 billion, a PE ratio of 35.92 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.04. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the third quarter valued at about $38,000. V Square Quantitative Management LLC boosted its holdings in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $41,000. Contravisory Investment Management Inc. raised its stake in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Comfort Systems USA during the first quarter valued at approximately $65,000. Institutional investors 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.