Bank of New York Mellon Corp Cuts Position in Comfort Systems USA, Inc. $FIX

Bank of New York Mellon Corp lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,377 shares of the construction company’s stock after selling 4,747 shares during the period. Bank of New York Mellon Corp’s holdings in Comfort Systems USA were worth $223,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Monument Capital Management acquired a new position in Comfort Systems USA in the 2nd quarter valued at about $3,629,000. Private Client Services LLC raised its position in shares of Comfort Systems USA by 624.4% during the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after buying an additional 2,354 shares during the period. Brown Advisory Inc. lifted its holdings in Comfort Systems USA by 2,271.3% in the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after acquiring an additional 15,831 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Comfort Systems USA in the third quarter valued at approximately $2,392,000. Finally, Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of the business’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 transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. This represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,528 shares of company stock worth $11,972,106. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,142.32 on Friday. The company has a market cap of $40.29 billion, a P/E ratio of 48.36 and a beta of 1.66. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,200.32. 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’s 50 day moving average price is $1,015.22 and its 200 day moving average price is $861.68.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. 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. Finally, Stifel Nicolaus upped 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 report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,022.00.

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.