Cardinal Point Capital Management ULC Sells 3,978 Shares of Comfort Systems USA, Inc. $FIX

Cardinal Point Capital Management ULC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 47.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,472 shares of the construction company’s stock after selling 3,978 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Comfort Systems USA were worth $3,690,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus lifted their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research note on Monday, January 26th. UBS Group reissued a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,064.50.

Insider Transactions at Comfort Systems USA

In other news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 180,888 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 12,528 shares of company stock worth $11,972,106. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 7.1%

FIX stock opened at $1,229.03 on Monday. The stock has a market capitalization of $43.35 billion, a PE ratio of 52.03 and a beta of 1.67. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,230.49. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $1,036.36 and a 200 day moving average of $888.31.

About Comfort Systems USA

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.