Principal Financial Group Inc. Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Principal Financial Group Inc. cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,707 shares of the construction company’s stock after selling 6,852 shares during the period. Principal Financial Group Inc.’s holdings in Comfort Systems USA were worth $73,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Vaughan Nelson Investment Management L.P. purchased a new position in Comfort Systems USA during the 3rd quarter valued at $138,987,000. Jennison Associates LLC raised its stake in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after buying an additional 119,033 shares during the period. EULAV Asset Management boosted its position in Comfort Systems USA by 80.0% during the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock valued at $56,641,000 after acquiring an additional 64,500 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective 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 research report on Monday, December 9th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus target price of $506.75.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Up 0.2 %

Shares of NYSE:FIX opened at $395.30 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $448.64 and a two-hundred day simple moving average of $414.36. Comfort Systems USA, Inc. has a 12-month low of $239.80 and a 12-month high of $553.09. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 30.24 and a beta of 1.22.

About Comfort Systems USA

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.