Truist Financial Corp Has $26.87 Million Position in Comfort Systems USA, Inc. $FIX

Truist Financial Corp lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,557 shares of the construction company’s stock after selling 7,305 shares during the quarter. Truist Financial Corp’s holdings in Comfort Systems USA were worth $26,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FIX. Monument Capital Management purchased a new position in Comfort Systems USA during the second quarter valued at approximately $3,629,000. Private Client Services LLC lifted its position in Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 2,354 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Comfort Systems USA by 2,271.3% during 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. purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $2,392,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA in the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Stifel Nicolaus upped their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,022.00.

Comfort Systems USA Stock Up 0.3%

Shares of FIX opened at $1,172.44 on Friday. The business’s 50 day simple moving average is $1,010.27 and its 200-day simple moving average is $857.52. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,200.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The stock has a market capitalization of $41.35 billion, a price-to-earnings ratio of 49.64 and a beta of 1.66.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction 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 sale, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their position. 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.

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.