Catalyst Capital Advisors LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,545 shares of the construction company’s stock after selling 640 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Comfort Systems USA were worth $655,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Consolidated Planning Corp boosted its holdings in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $2,998,000. Zacks Investment Management boosted its holdings in Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares in the last quarter. Entropy Technologies LP bought a new stake in Comfort Systems USA during the third quarter worth approximately $1,484,000. Finally, WCM Investment Management LLC boosted its holdings in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after buying an additional 14,090 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on FIX shares. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA currently has an average rating of “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 Comfort Systems USA 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 completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.
Comfort Systems USA Trading Down 0.9 %
Comfort Systems USA stock opened at $391.40 on Tuesday. The company has a 50 day moving average price of $452.91 and a 200 day moving average price of $413.43. Comfort Systems USA, Inc. has a 52 week low of $239.80 and a 52 week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 29.95 and a beta of 1.22.
Comfort Systems USA 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.
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