Scalar Gauge Management LLC Takes Position in Comfort Systems USA, Inc. $FIX

Scalar Gauge Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, HoldingsChannel reports. The institutional investor bought 16,000 shares of the construction company’s stock, valued at approximately $13,203,000. Comfort Systems USA comprises about 6.7% of Scalar Gauge Management LLC’s holdings, making the stock its 3rd largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $8,747,000. Poinciana Advisors Group LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $236,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Comfort Systems USA by 6.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,403 shares of the construction company’s stock worth $3,633,000 after purchasing an additional 252 shares during the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $259,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $228,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.6%

Shares of FIX stock opened at $1,128.06 on Tuesday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,177.87. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $994.74 and a 200-day moving average of $848.76. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 47.76 and a beta of 1.66.

Analyst Ratings Changes

A number of equities analysts have issued reports on FIX shares. Stifel Nicolaus raised their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group upped their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. DA Davidson reissued a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,022.00.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction dated 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 sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This trade represents a 9.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Company Profile

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.