Rhumbline Advisers Sells 1,732 Shares of Comfort Systems USA, Inc. $FIX

Rhumbline Advisers lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,663 shares of the construction company’s stock after selling 1,732 shares during the quarter. Rhumbline Advisers’ holdings in Comfort Systems USA were worth $79,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP grew its holdings in shares of Comfort Systems USA by 5.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after acquiring an additional 46,773 shares during the period. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after purchasing an additional 3,032 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Comfort Systems USA by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after purchasing an additional 17,469 shares during the period. Finally, Norges Bank bought a new position in Comfort Systems USA in the second quarter worth $256,998,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,302.10 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,399.00. The company has a market capitalization of $45.93 billion, a P/E ratio of 55.13 and a beta of 1.67. The firm has a 50 day moving average of $1,063.20 and a 200 day moving average of $903.32. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction 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 transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the sale, the senior vice president directly owned 7,938 shares in the company, valued at $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,528 shares of company stock worth $11,972,106 over the last quarter. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIX. Stifel Nicolaus increased their price target 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. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. UBS Group reiterated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

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.