Envestnet Asset Management Inc. Boosts Stock Holdings in Comfort Systems USA, Inc. $FIX

Envestnet Asset Management Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,830 shares of the construction company’s stock after purchasing an additional 4,765 shares during the period. Envestnet Asset Management Inc. owned about 0.24% of Comfort Systems USA worth $70,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth approximately $25,000. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA in the second quarter valued at approximately $27,000. Eastern Bank purchased a new position in Comfort Systems USA in the third quarter worth approximately $31,000. Finally, Avion Wealth lifted its stake in Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the senior vice president directly owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group restated 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. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, DA Davidson restated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $1,064.50.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,229.03 on Monday. The stock’s 50-day moving average is $1,036.36 and its two-hundred day moving average is $888.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,230.49. The firm has a market cap of $43.35 billion, a price-to-earnings ratio of 52.03 and a beta of 1.67.

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.