Cibc World Market Inc. Acquires 8,581 Shares of Comfort Systems USA, Inc. $FIX

Cibc World Market Inc. boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 41.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,500 shares of the construction company’s stock after purchasing an additional 8,581 shares during the quarter. Cibc World Market Inc. owned 0.08% of Comfort Systems USA worth $24,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the 2nd quarter worth $27,000. Eastern Bank acquired a new position in Comfort Systems USA in the 3rd quarter valued at $31,000. Finally, Avion Wealth raised its holdings in Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FIX. Stifel Nicolaus increased 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. 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. UBS Group reiterated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,064.50.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,335.64 on Thursday. The company’s 50 day moving average price is $1,057.24 and its two-hundred day moving average price is $900.53. The firm has a market capitalization of $47.11 billion, a P/E ratio of 56.55 and a beta of 1.67. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,364.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

Insider Activity

In other news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Laura Finley Howell sold 1,000 shares of the company’s 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 transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 12,528 shares of company stock valued at $11,972,106. 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.