Inspire Investing LLC Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Inspire Investing LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,904 shares of the construction company’s stock after selling 355 shares during the period. Inspire Investing LLC’s holdings in Comfort Systems USA were worth $807,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its position in shares of Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after purchasing an additional 6,496 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA in the third quarter worth approximately $138,987,000. Millennium Management LLC increased its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after purchasing an additional 283,416 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of Comfort Systems USA by 20.6% in the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after purchasing an additional 43,691 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. 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 company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $506.75.

Comfort Systems USA Stock Down 0.6 %

Shares of NYSE FIX opened at $544.23 on Friday. Comfort Systems USA, Inc. has a one year low of $201.61 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $470.89 and its two-hundred day simple moving average is $399.93. The stock has a market capitalization of $19.37 billion, a P/E ratio of 41.64 and a beta of 1.23.

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

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.