Hollencrest Capital Management Invests $735,000 in Comfort Systems USA, Inc. $FIX

Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 891 shares of the construction company’s stock, valued at approximately $735,000.

Several other hedge funds also recently modified their holdings of the business. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA in the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $27,000. Eastern Bank acquired a new stake in shares of Comfort Systems USA during the third quarter worth $31,000. Finally, Avion Wealth lifted its stake in Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after buying an additional 54 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,528 shares of company stock valued at $15,806,986 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,168.49 on Thursday. The stock has a 50-day moving average price of $1,004.30 and a two-hundred day moving average price of $855.32. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,179.00. The stock has a market cap of $41.21 billion, a PE ratio of 49.47 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Stifel Nicolaus raised their price objective on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.