Rhumbline Advisers Lowers Stock Holdings in Comfort Systems USA, Inc. $FIX

Rhumbline Advisers lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,663 shares of the construction company’s stock after selling 1,732 shares during the period. Rhumbline Advisers owned about 0.27% of Comfort Systems USA worth $79,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FIX. Belpointe Asset Management LLC lifted its position in Comfort Systems USA by 1.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock worth $1,036,000 after buying an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Comfort Systems USA by 0.9% during the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock valued at $1,220,000 after acquiring an additional 13 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after acquiring an additional 18 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Comfort Systems USA by 2.2% during the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock worth $741,000 after acquiring an additional 19 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after acquiring an additional 20 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 2.7%

Shares of FIX opened at $1,302.10 on Friday. The stock has a market capitalization of $45.93 billion, a P/E ratio of 55.13 and a beta of 1.67. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,399.00. 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 simple moving average of $1,063.20 and a two-hundred day simple moving average of $903.32.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Stifel Nicolaus raised their price objective on 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. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

Insider Buying and Selling

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

Comfort Systems USA 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.