Kestra Private Wealth Services LLC Boosts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Kestra Private Wealth Services LLC lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,826 shares of the construction company’s stock after acquiring an additional 43 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Comfort Systems USA were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Diversified Trust Co purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $2,998,000. Zacks Investment Management grew its position in Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares during the period. Entropy Technologies LP purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $1,484,000. WCM Investment Management LLC lifted its holdings in shares of Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after buying an additional 14,090 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $940,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIX shares. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. UBS Group boosted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Stock Down 0.9 %

NYSE FIX opened at $391.40 on Friday. Comfort Systems USA, Inc. has a 52 week low of $239.80 and a 52 week 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. The company has a market capitalization of $13.93 billion, a P/E ratio of 29.95 and a beta of 1.22. The stock’s 50-day moving average price is $455.02 and its 200-day moving average price is $411.58.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

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.