AdvisorShares Investments LLC Sells 674 Shares of Comfort Systems USA, Inc. $FIX

AdvisorShares Investments LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 68.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315 shares of the construction company’s stock after selling 674 shares during the quarter. AdvisorShares Investments LLC’s holdings in Comfort Systems USA were worth $260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Belpointe Asset Management LLC increased its position in Comfort Systems USA by 1.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock valued at $1,036,000 after buying an additional 13 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Comfort Systems USA by 0.9% in the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock valued at $1,220,000 after acquiring an additional 13 shares during the period. Wedmont Private Capital increased its holdings in shares of Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after acquiring an additional 18 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Comfort Systems USA by 2.2% during the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock valued at $741,000 after acquiring an additional 19 shares in the last quarter. Finally, Archer Investment Corp raised its position in shares of Comfort Systems USA by 8.0% during the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after purchasing an additional 20 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 7.1%

FIX opened at $1,229.03 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,230.49. The firm has a market capitalization of $43.35 billion, a P/E ratio of 52.03 and a beta of 1.67. The company’s 50-day moving average is $1,036.36 and its 200 day moving average is $888.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Analyst Ratings Changes

FIX has been the subject of several research reports. UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. DA Davidson restated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus boosted their price objective 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $1,064.50.

Insiders Place Their Bets

In related news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,528 shares of company stock valued at $11,972,106 in the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

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.