Estate Counselors LLC Makes New $4.06 Million Investment in Comfort Systems USA, Inc. $FIX

Estate Counselors LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,918 shares of the construction company’s stock, valued at approximately $4,058,000.

Several other institutional investors and hedge funds have also modified their holdings of FIX. Wedmont Private Capital raised its position in shares of Comfort Systems USA by 3.8% in the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after buying an additional 18 shares in the last quarter. Archer Investment Corp raised its holdings in Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares in the last quarter. Transce3nd LLC raised its holdings in Comfort Systems USA by 12.9% in the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock valued at $104,000 after acquiring an additional 22 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Comfort Systems USA by 0.8% during the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after acquiring an additional 25 shares during the period. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Comfort Systems USA by 9.1% during the 3rd quarter. Princeton Global Asset Management LLC now owns 300 shares of the construction company’s stock worth $248,000 after purchasing an additional 25 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the transaction, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 in the last three months. Insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,122.73 on Monday. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,177.87. The company has a market cap of $39.60 billion, a PE ratio of 47.53 and a beta of 1.66. The stock has a 50-day moving average of $990.57 and a 200-day moving average of $844.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 23rd. The construction company reported $8.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the firm earned $4.09 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA 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.