Sawgrass Asset Management LLC Cuts Position in Comfort Systems USA, Inc. (NYSE:FIX)

Sawgrass Asset Management LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 30.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 968 shares of the construction company’s stock after selling 418 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Comfort Systems USA were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. CWM LLC grew its holdings in Comfort Systems USA by 1,491.3% in the third quarter. CWM LLC now owns 3,469 shares of the construction company’s stock worth $1,354,000 after purchasing an additional 3,251 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the third quarter worth about $38,000. nVerses Capital LLC purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $898,000. V Square Quantitative Management LLC grew its holdings in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FIX shares. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $506.75.

Insider Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % 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. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Down 1.0 %

Shares of Comfort Systems USA stock opened at $394.15 on Friday. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 30.16 and a beta of 1.22. The company’s 50 day moving average is $457.08 and its 200 day moving average is $411.70. Comfort Systems USA, Inc. has a twelve month low of $239.80 and a twelve month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.