Lifestyle Asset Management Inc. Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Lifestyle Asset Management Inc. cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 918 shares of the construction company’s stock after selling 94 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Comfort Systems USA were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management boosted its holdings in Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after purchasing an additional 29 shares during the period. Covestor Ltd boosted its holdings in Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after purchasing an additional 31 shares during the period. Signaturefd LLC boosted its holdings in Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after purchasing an additional 32 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after purchasing an additional 34 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target for the company. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated 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 sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value 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 trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,200 shares of company stock worth $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Down 0.5 %

FIX opened at $547.78 on Friday. The business’s 50-day simple moving average is $466.74 and its 200-day simple moving average is $397.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a one year low of $200.15 and a one year high of $553.09. The stock has a market capitalization of $19.50 billion, a P/E ratio of 41.91 and a beta of 1.23.

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

Comfort Systems USA 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.