Nisa Investment Advisors LLC Reduces Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Nisa Investment Advisors LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,787 shares of the construction company’s stock after selling 2,374 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $6,695,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FIX. Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the 3rd quarter worth $28,000. Harbor Investment Advisory LLC increased its position in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC boosted its position in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares during the period. Finally, True Wealth Design LLC purchased a new position in Comfort Systems USA during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $544.23 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $19.37 billion, a PE ratio of 41.64 and a beta of 1.23. The stock has a fifty day moving average price of $470.89 and a 200 day moving average price of $399.93. Comfort Systems USA, Inc. has a 1-year low of $201.61 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business earned $2.74 EPS. The business’s revenue was up 31.5% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $506.75.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.