TimesSquare Capital Management LLC Sells 7,254 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

TimesSquare Capital Management LLC reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,026 shares of the construction company’s stock after selling 7,254 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Comfort Systems USA were worth $37,328,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIX. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $138,987,000. Jennison Associates LLC boosted its position in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after purchasing an additional 119,033 shares in the last quarter. EULAV Asset Management boosted its position in shares of Comfort Systems USA by 80.0% in the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock worth $56,641,000 after purchasing an additional 64,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price target on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group upped their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Price Performance

NYSE FIX opened at $393.67 on Wednesday. The business’s fifty day moving average price is $451.49 and its 200-day moving average price is $413.88. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 30.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $239.80 and a 1-year high of $553.09.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

About Comfort Systems USA

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.