Federated Hermes Inc. Boosts Stock Position in Comfort Systems USA, Inc. $FIX

Federated Hermes Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 324,279 shares of the construction company’s stock after purchasing an additional 26,335 shares during the quarter. Federated Hermes Inc. owned 0.92% of Comfort Systems USA worth $267,589,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Monument Capital Management purchased a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $3,629,000. Private Client Services LLC lifted its holdings in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after buying an additional 2,354 shares during the period. Brown Advisory Inc. boosted its stake in shares of Comfort Systems USA by 2,271.3% in the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after buying an additional 15,831 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in Comfort Systems USA during the third quarter worth $2,392,000. Finally, Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter worth $27,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,159.22 on Wednesday. The company has a 50-day simple moving average of $999.53 and a 200-day simple moving average of $853.12. 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 company has a market cap of $40.89 billion, a PE ratio of 49.08 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,177.87.

Insider Activity

In other news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the transaction, the director owned 22,535 shares in the company, valued at $21,604,755.20. This trade represents a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,528 shares of company stock valued at $15,806,986 over the last quarter. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of several research analyst reports. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group raised their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,022.00.

Comfort Systems USA Company 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.