Advisors Asset Management Inc. Raises Holdings in Comfort Systems USA, Inc. $FIX

Advisors Asset Management Inc. increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,675 shares of the construction company’s stock after acquiring an additional 520 shares during the quarter. Advisors Asset Management Inc.’s holdings in Comfort Systems USA were worth $4,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIX. Norges Bank purchased a new position in shares of Comfort Systems USA in the second quarter worth about $256,998,000. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after buying an additional 252,007 shares during the period. Artisan Partners Limited Partnership bought a new position in Comfort Systems USA in the 2nd quarter worth approximately $114,551,000. AMF Tjanstepension AB purchased a new position in Comfort Systems USA in the 3rd quarter valued at approximately $156,183,000. Finally, Third Point LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $99,199,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

FIX stock opened at $1,339.38 on Friday. The firm has a market cap of $47.24 billion, a P/E ratio of 56.71 and a beta of 1.67. The firm’s fifty day moving average is $1,069.97 and its 200 day moving average is $907.80. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Insider Transactions at Comfort Systems USA

In other news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,528 shares of company stock worth $11,972,106. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of analyst reports. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. DA Davidson reissued a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report 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. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $1,064.50.

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.