Illinois Municipal Retirement Fund Has $5.28 Million Position in Comfort Systems USA, Inc. $FIX

Illinois Municipal Retirement Fund raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,400 shares of the construction company’s stock after acquiring an additional 835 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comfort Systems USA were worth $5,281,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FIX. Norges Bank acquired a new stake in shares of Comfort Systems USA during the second quarter worth $256,998,000. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after buying an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth about $114,551,000. AMF Tjanstepension AB bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $156,183,000. Finally, Third Point LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $99,199,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 3.0%

Shares of FIX stock opened at $1,339.38 on Friday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-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 moving average of $1,069.97 and a 200-day moving average of $909.34. The company has a market capitalization of $47.24 billion, a price-to-earnings ratio of 56.71 and a beta of 1.67.

Insider Buying and Selling

In related news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction that occurred on 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 approximately $38,186,437.12. This trade represents a 9.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on 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 owned 180,888 shares in the company, valued at $171,478,206.24. The trade was 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. 1.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus lifted 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 note on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered 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 issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,064.50.

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.