Allianz Asset Management GmbH Lowers Position in Comfort Systems USA, Inc. $FIX

Allianz Asset Management GmbH lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,673 shares of the construction company’s stock after selling 16,222 shares during the period. Allianz Asset Management GmbH owned 0.22% of Comfort Systems USA worth $64,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIX. WCM Investment Management LLC boosted its holdings in Comfort Systems USA by 63.0% in the third quarter. WCM Investment Management LLC now owns 80,823 shares of the construction company’s stock worth $64,804,000 after acquiring an additional 31,231 shares in the last quarter. Peterson Wealth Services boosted its stake in shares of Comfort Systems USA by 214.2% in the third quarter. Peterson Wealth Services now owns 60,331 shares of the construction company’s stock worth $49,784,000 after buying an additional 41,129 shares during the last quarter. Strategy Asset Managers LLC acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $216,000. Jones Financial Companies Lllp raised its position in shares of Comfort Systems USA by 105.7% in the third quarter. Jones Financial Companies Lllp now owns 1,738 shares of the construction company’s stock worth $1,399,000 after acquiring an additional 893 shares during the period. Finally, Gitterman Wealth Management LLC boosted its position in Comfort Systems USA by 93.3% during the third quarter. Gitterman Wealth Management LLC now owns 375 shares of the construction company’s stock worth $310,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,528 shares of company stock valued at $11,972,106 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Down 7.6%

Shares of FIX opened at $1,118.32 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The stock has a market cap of $39.44 billion, a price-to-earnings ratio of 47.35 and a beta of 1.67. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,220.00. The firm has a 50 day simple moving average of $1,027.85 and a 200-day simple moving average of $876.85.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. UBS Group restated a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,064.50.

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.