Vanguard Group Inc. Sells 87,859 Shares of Comfort Systems USA, Inc. $FIX

Vanguard Group Inc. decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.3% during the third quarter, Holdings Channel reports. The fund owned 3,684,559 shares of the construction company’s stock after selling 87,859 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Comfort Systems USA worth $3,040,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Westfield Capital Management Co. LP grew its stake in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after purchasing an additional 46,773 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after buying an additional 3,032 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Comfort Systems USA by 47.5% in the 2nd 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 period. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after acquiring an additional 197,613 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Comfort Systems USA in the 2nd quarter worth about $256,998,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,322.83 on Thursday. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 56.00 and a beta of 1.67. The business’s fifty day simple moving average is $1,090.14 and its two-hundred day simple moving average is $922.59. 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 current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Insider Activity at Comfort Systems USA

In other news, 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 transaction of $996,160.00. Following the sale, the senior vice president owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This trade represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,528 shares of company stock valued at $11,972,106 over the last ninety days. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.