Sidoti & Co. Downgrades Comfort Systems USA to Neutral

Brokerage firm Sidoti & Co. Downgrades its rating on Comfort Systems USA(NYSE:FIX). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Sidoti & Co. was issued on Jul 12, 2016.

Comfort Systems USA (FIX) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.53% at a volume of 2,66,657. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.35. The peak price level was also seen at $32.35 while the days lowest was $31.74. Finally the shares closed at $31.93. The 52-week high of the shares is $35 while the 52-week low is $22.91. According to the latest information available, the market cap of the company is $1,196 M.

Comfort Systems USA(FIX) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $385.94M. Analysts had an estimated revenue of $397.77M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Vance W Tang (director) sold 5,584 shares at $32.27 per share price.Also, On May 26, 2016, T Mckenna Trent (SrVP, General Counsel and Secy) sold 25,000 shares at $31.31 per share price.On May 23, 2016, Franklin Myers (director) purchased 1,144 shares at $30.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Comfort Systems USA Inc. is a provider of heating ventilation and air conditioning (HVAC) installation maintenance repair and replacement services within the mechanical services industry. It operates in the commercial industrial and institutional HVAC markets and offers services for the industrial healthcare education office technology retail and government facilities. In addition to standard HVAC services the Company provides specialized applications such as building automation control systems fire protection process cooling electronic monitoring and process piping. Its installation business related to newly constructed facilities involves the design engineering integration installation and start-up of HVAC. Its maintenance repair and replacement business also involves the replacement reconfiguration and monitoring of HVAC systems and industrial process piping. Certain locations also provide related activities such as electrical service and plumbing.

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