Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 918 shares of the construction company’s stock after selling 94 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Comfort Systems USA were worth $389,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management boosted its holdings in Comfort Systems USA by 3.8% in the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after buying an additional 29 shares during the last quarter. Covestor Ltd increased its stake in Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after buying an additional 31 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after acquiring an additional 32 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE:FIX opened at $547.78 on Friday. Comfort Systems USA, Inc. has a one year low of $200.15 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $19.50 billion, a PE ratio of 41.91 and a beta of 1.23. The stock has a 50 day moving average price of $466.74 and a 200 day moving average price of $397.20.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the firm earned $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIX. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.