Comfort Systems USA, Inc. $FIX Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 97.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,645 shares of the construction company’s stock after selling 60,065 shares during the period. TimesSquare Capital Management LLC’s holdings in Comfort Systems USA were worth $1,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its stake in Comfort Systems USA by 350.2% during the 3rd quarter. Assetmark Inc. now owns 2,701 shares of the construction company’s stock worth $2,229,000 after acquiring an additional 2,101 shares in the last quarter. Atria Investments Inc lifted its position in shares of Comfort Systems USA by 41.7% during the third quarter. Atria Investments Inc now owns 4,418 shares of the construction company’s stock worth $3,646,000 after purchasing an additional 1,300 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Comfort Systems USA by 15.0% during the third quarter. Illinois Municipal Retirement Fund now owns 6,400 shares of the construction company’s stock worth $5,281,000 after purchasing an additional 835 shares in the last quarter. Wedbush Securities Inc. purchased a new position in shares of Comfort Systems USA in the third quarter valued at approximately $256,000. Finally, Westover Capital Advisors LLC grew its holdings in shares of Comfort Systems USA by 6.5% in the third quarter. Westover Capital Advisors LLC now owns 526 shares of the construction company’s stock valued at $434,000 after purchasing an additional 32 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FIX shares. UBS Group reiterated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Stifel Nicolaus upped their price target on 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. Finally, DA Davidson reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

Insider Activity

In related news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares of the company’s stock, 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. In the last quarter, insiders sold 12,528 shares of company stock worth $11,972,106. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 3.0%

NYSE:FIX opened at $1,339.38 on Monday. The stock has a 50-day simple moving average of $1,069.97 and a 200-day simple moving average of $910.79. The stock has a market cap of $47.24 billion, a P/E ratio of 56.71 and a beta of 1.67. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

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.