Regents Gate Capital LLP Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Regents Gate Capital LLP bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,193 shares of the construction company’s stock, valued at approximately $3,050,000.

Several other institutional investors have also recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the third quarter valued at about $28,000. Harbor Investment Advisory LLC boosted its holdings in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC increased its holdings in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Finally, True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA in the third quarter worth $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIX. Stifel Nicolaus upped their target price on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $506.75.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $460.79 on Monday. The stock’s 50-day moving average is $460.83 and its 200 day moving average is $408.93. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22. Comfort Systems USA, Inc. has a 1-year low of $232.21 and a 1-year high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.