Encompass More Asset Management Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Encompass More Asset Management acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,127 shares of the construction company’s stock, valued at approximately $478,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Diversified Trust Co purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $2,998,000. Zacks Investment Management increased its position in Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Entropy Technologies LP purchased a new position in Comfort Systems USA in the 3rd quarter valued at about $1,484,000. WCM Investment Management LLC grew its holdings in shares of 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. Finally, Quest Partners LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $940,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Finally, UBS Group upped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $549.79 on Friday. The stock has a market capitalization of $19.57 billion, a P/E ratio of 42.05 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average price is $466.74 and its 200 day moving average price is $397.20. Comfort Systems USA, Inc. has a twelve month low of $201.61 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 EPS. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

About Comfort Systems USA

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.