Penserra Capital Management LLC Sells 856 Shares of Comfort Systems USA, Inc. $FIX

Penserra Capital Management LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 18.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,726 shares of the construction company’s stock after selling 856 shares during the quarter. Penserra Capital Management LLC’s holdings in Comfort Systems USA were worth $3,074,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FIX. Monument Capital Management purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $3,629,000. Private Client Services LLC raised its holdings in Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after purchasing an additional 2,354 shares in the last quarter. Brown Advisory Inc. lifted its position in Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after buying an additional 15,831 shares during the period. Triasima Portfolio Management inc. bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $2,392,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FIX shares. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday. DA Davidson reiterated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $1,064.50.

Comfort Systems USA Stock Performance

FIX stock opened at $1,144.30 on Friday. The stock’s 50 day simple moving average is $1,031.34 and its 200 day simple moving average is $878.71. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,220.00. The stock has a market capitalization of $40.36 billion, a PE ratio of 48.45 and a beta of 1.67.

Insiders Place Their Bets

In other news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were 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. The trade was a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,528 shares of company stock valued at $11,972,106. 1.59% of the stock is owned by insiders.

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.