Assetmark Inc. Boosts Stock Position in Comfort Systems USA, Inc. $FIX

Assetmark Inc. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 350.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,701 shares of the construction company’s stock after purchasing an additional 2,101 shares during the quarter. Assetmark Inc.’s holdings in Comfort Systems USA were worth $2,229,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laura Finley Howell sold 1,000 shares of the business’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 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 $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 12,528 shares of company stock worth $11,972,106. Insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FIX. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group restated 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $1,064.50.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,322.83 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,399.00. The firm has a market capitalization of $46.66 billion, a PE ratio of 56.00 and a beta of 1.67. The business’s 50 day moving average price is $1,090.14 and its 200-day moving average price is $922.59.

Comfort Systems USA 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.