Bessemer Group Inc. Cuts Position in Comfort Systems USA, Inc. $FIX

Bessemer Group Inc. decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,659 shares of the construction company’s stock after selling 1,501 shares during the quarter. Bessemer Group Inc. owned 0.08% of Comfort Systems USA worth $24,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $25,000. Quent Capital LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $25,000. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter valued at $27,000. Eastern Bank purchased a new stake in Comfort Systems USA during the third quarter worth approximately $31,000. Finally, Avion Wealth boosted its holdings in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after buying an additional 54 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 7.1%

Shares of NYSE:FIX opened at $1,229.03 on Friday. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,230.49. The stock has a market capitalization of $43.35 billion, a price-to-earnings ratio of 52.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company has a 50 day moving average price of $1,036.36 and a 200 day moving average price of $883.47.

Analysts Set New Price Targets

Several research analysts have issued reports on FIX shares. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday. DA Davidson reissued a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,064.50.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the transaction, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,528 shares of company stock valued at $11,972,106 in the last quarter. 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.