Jackson Creek Investment Advisors LLC Reduces Stock Holdings in Comfort Systems USA, Inc. $FIX

Jackson Creek Investment Advisors LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 30.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,513 shares of the construction company’s stock after selling 1,125 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Comfort Systems USA were worth $2,074,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Monument Capital Management purchased a new position in Comfort Systems USA in the 2nd quarter worth about $3,629,000. Private Client Services LLC grew its stake in shares of Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after acquiring an additional 2,354 shares during the period. Brown Advisory Inc. raised its holdings in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after purchasing an additional 15,831 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in Comfort Systems USA during the third quarter valued at approximately $2,392,000. Finally, Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the second quarter valued at approximately $27,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 4,370 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their position. 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 90 days. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIX. UBS Group reiterated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Stifel Nicolaus increased 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 research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $1,064.50.

Comfort Systems USA Stock Up 2.9%

FIX stock opened at $1,175.25 on Tuesday. The business’s 50-day moving average price is $1,019.80 and its 200-day moving average price is $870.54. The stock has a market cap of $41.45 billion, a P/E ratio of 49.76 and a beta of 1.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,200.32.

Comfort Systems USA Profile

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.