Comfort Systems USA (NYSE:FIX) Shares Down 6.9% – Should You Sell?

Comfort Systems USA, Inc. (NYSE:FIX) was down 6.9% during trading on Tuesday . The stock traded as low as $432.69 and last traded at $432.68. Approximately 191,268 shares changed hands during trading, a decline of 58% from the average daily volume of 451,755 shares. The stock had previously closed at $464.92.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Finally, UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $506.75.

Comfort Systems USA Trading Down 6.3 %

The stock has a market capitalization of $15.50 billion, a P/E ratio of 33.35 and a beta of 1.22. The stock’s fifty day moving average price is $460.35 and its two-hundred day moving average price is $410.92. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Several large investors have recently modified their holdings of the business. Cetera Investment Advisers increased its position in Comfort Systems USA by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company’s stock valued at $1,918,000 after purchasing an additional 186 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $601,000. CWM LLC boosted its holdings in shares of Comfort Systems USA by 1,491.3% during the 3rd quarter. CWM LLC now owns 3,469 shares of the construction company’s stock valued at $1,354,000 after buying an additional 3,251 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Comfort Systems USA by 4.6% during the third quarter. Ritholtz Wealth Management now owns 4,499 shares of the construction company’s stock worth $1,756,000 after acquiring an additional 197 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Comfort Systems USA by 97.6% in the 3rd quarter. Inspire Investing LLC now owns 2,259 shares of the construction company’s stock worth $882,000 after purchasing an additional 1,116 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

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.