In a report that was released on Friday, the investment research firm StockNews.com upgraded Comfort Systems USA (NYSE: FIX) from a “hold” rating to a “buy” recommendation.
Previously, the firm had given the company a “hold” rating.
DA Davidson upgraded their rating on Comfort Systems USA from “hold” to “buy” and increased their target price from $135.00 to $170.00 in a research note published on Friday, February 24.
In a separate piece of news, DA Davidson raised its target price from $135.00 to $170.00.
On Friday, the first day of trading, the FIX opened for $147.20. Over the past 50 days, the company’s share price has traded at $122.60, while over the past 200 days, it has traded at $114.98. 0.25 is the value assigned to the debt-to-equity ratio, 1.09 is the value assigned to the quick ratio, and 1.12 is the value assigned to the current ratio.
The company’s market capitalization is currently valued at a total of $5.26 billion, while its P.E. ratio is currently at 21.58, and its beta is currently at 1.22.
During the past 52 weeks, the price of Comfort Systems USA has fluctuated between a low of $74.14 and a high of $148.89 at various points.
On February 22, the most recent quarterly earnings report for Comfort Systems USA (NYSE: FIX) was made public for the investing community.
The construction company reported earnings per share (EPS) of $1.54 for the prior quarter, which was $0.17 higher than the industry’s estimate, which was $1.37.
Both the return on equity and the net margin for the company came in at 20.47% and 5.94%, respectively, for Comfort Systems USA.
The analysts’ projections for the company’s sales for the quarter were $1.07 billion, but the actual sales for the quarter came in significantly higher at $1.12 billion. Compared to the previous year’s results for the same period, the company posted a profit of $1.04 per share.
The company’s most recent accounting period showed a year-over-year revenue increase that was 30.5% higher than the previous period.
This year, Comfort Systems USA is expected to generate earnings per share of $6.35, by the forecasts of analysts who specialize in the industry.
In related news about this topic, on February 27, corporate director Vance W.
Tang completed the sale of 2,500 of the company’s shares of stock.
This news item can be found here. With an average price of $147.01 per share, a total of $367,500.00 worth of the stock was traded, resulting in revenue.
The average price per share was $147.01.
The director is now the owner of 26,297 company shares, which have a combined value of approximately $3,865,659 after the completion of the transaction.
If you follow the link, which will take you to a legal file submitted to the SEC, you can acquire additional information regarding the transaction. Constance Ellen Skidmore, a director at Comfort Systems USA, sold 3,000 shares of the company’s stock on December 12.
The transaction took place.
Monday was the day that the transaction took place.
The stock sale generated a total of $360,810.00, with the price of each share averaging $120.27. Following the completion of the transaction, the director now possesses 27,722 shares of the company, the total value of which is approximately $3,334,124.94.
If you follow the link, which will take you to a legal file submitted to the SEC, you can acquire additional information regarding the transaction. On Monday, February 27, Vance W.
Tang, also a company director, sold 2,500 of the firm’s shares of stock. Vance W.
Tang is also a director of the company.
The price received for each share was approximately $147.01, which brought the total amount received from the stock sale to $367,500.00.
The director is now the owner of 26,297 company shares, which have a combined value of approximately $3,865,659 after the completion of the transaction.
Disclosures related to the sale might be found in this website section. 2.48 company insiders own a percent of the total shares currently outstanding.
Large investors have recently been active in the stock market, buying and selling equities.
During the first three months of 2018, Capital Global Investments successfully increased the proportion of the company’s owners that it holds in Comfort Systems USA by 32.3%. Following the acquisition of 570,560 shares during the relevant period, Capital World Investments now possesses 2,336,939 shares of the construction company’s stock.
These shares are estimated to have a value of $208,011,000.
During the fourth quarter of the fiscal year, Premier Fund Managers Ltd invested $37,353,000 in purchasing a position in Comfort Systems USA.
The ownership stake in Comfort Systems USA that Alliancebernstein L.P. held at the end of 2018 was increased by 417.5% thanks to the company’s quarterly dividend.
Alliancebernstein L.P. now holds 534,416 shares of the construction company’s stock, estimated at $61,516,000.
This is because AllianceBernstein L.P.
Purchased an additional 431,146 shares during the time period in question.
The Norges Bank made a new investment in Comfort Systems USA over the final three months of 2018, with a total value of $49.490 million.
And finally, throughout the second quarter, FMR LLC increased its ownership of Comfort Systems USA by 30.4% by purchasing additional shares.
After making additional purchases during the quarter totaling 187,982 shares, FMR LLC now has 807,150 shares of the construction company’s stock, currently valued at $67,114,000.
These shares were acquired through a combination of direct and indirect purchases.
The vast majority of the total number of shares in the company are owned by institutional investors and hedge funds, which account for 94.26% of the total.
Contracting services for both mechanical and electrical systems are one of the many things that Comfort Systems USA, INC can offer to its clientele. “Mechanical services” and “electrical services” are the two primary categories that describe the company’s primary business areas. Heating, ventilation, air conditioning (HVAC), plumbing, piping, and controls are all areas that fall under the purview of the mechanical services sector.
This sector is also responsible for off-site construction, monitoring, and fire protection.
