Candriam S.C.A. Invests $431,000 in Comfort Systems USA, Inc. $FIX

Candriam S.C.A. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 522 shares of the construction company’s stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Westfield Capital Management Co. LP increased its stake in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after buying an additional 3,032 shares during the period. AQR Capital Management LLC increased its position in shares of 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 valued at $419,049,000 after buying an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Comfort Systems USA by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after buying an additional 17,469 shares during the period. Finally, Norges Bank bought a new position in Comfort Systems USA during the second quarter worth about $256,998,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note 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. Finally, Stifel Nicolaus raised their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,064.50.

Insider Transactions at Comfort Systems USA

In other news, SVP Laura Finley Howell sold 1,000 shares of the firm’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 transaction, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. This trade represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction dated 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 sale, the insider owned 180,888 shares in the company, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,528 shares of company stock worth $11,972,106 in the last three months. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,339.38 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,399.00. The stock has a market capitalization of $47.24 billion, a P/E ratio of 56.71 and a beta of 1.67. The company has a 50 day moving average of $1,069.97 and a 200-day moving average of $907.80.

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.