Caprock Group LLC Acquires New Shares in Comfort Systems USA, Inc. $FIX

Caprock Group LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 566 shares of the construction company’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP grew its stake in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after buying an additional 46,773 shares in the last quarter. Geode Capital Management LLC lifted its stake in Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after acquiring an additional 3,032 shares during the last quarter. AQR Capital Management LLC grew its position in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after acquiring an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after purchasing an additional 17,469 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $256,998,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research note on Monday, January 26th. UBS Group restated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,064.50.

Comfort Systems USA Stock Down 0.2%

FIX stock opened at $1,335.58 on Wednesday. The stock has a market capitalization of $47.11 billion, a price-to-earnings ratio of 56.54 and a beta of 1.67. The company has a 50-day moving average of $1,084.08 and a two-hundred day moving average of $919.77. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Insiders Place Their Bets

In other news, CFO William George III sold 4,370 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,528 shares of company stock valued at $11,972,106 in the last three months. Company insiders own 1.59% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.