Highland Capital Management LLC Boosts Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Highland Capital Management LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 757 shares of the construction company’s stock after buying an additional 50 shares during the quarter. Highland Capital Management LLC’s holdings in Comfort Systems USA were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FIX. Ibex Wealth Advisors acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $443,000. BOCHK Asset Management Ltd acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $509,000. R Squared Ltd bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $229,000. SteelPeak Wealth LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $681,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Comfort Systems USA by 22.1% in the 4th quarter. Pacer Advisors Inc. now owns 10,063 shares of the construction company’s stock worth $4,267,000 after purchasing an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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 price objective on the stock. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus raised their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $506.75.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,500 shares of company stock worth $9,696,090. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Trading Up 1.1 %

Shares of NYSE FIX opened at $438.70 on Friday. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 33.57 and a beta of 1.23. The business has a 50 day simple moving average of $466.63 and a 200 day simple moving average of $402.90. 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 52 week low of $216.28 and a 52 week high of $553.09.

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.