BayBridge Capital Group LLC Sells 285 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

BayBridge Capital Group LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,803 shares of the construction company’s stock after selling 285 shares during the period. BayBridge Capital Group LLC’s holdings in Comfort Systems USA were worth $765,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Comfort Systems USA by 15.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company’s stock valued at $958,000 after buying an additional 300 shares during the period. Consolidated Portfolio Review Corp acquired a new position in Comfort Systems USA during the 4th quarter worth approximately $2,114,000. Meritage Portfolio Management boosted its holdings in Comfort Systems USA by 7.5% in the fourth quarter. Meritage Portfolio Management now owns 5,940 shares of the construction company’s stock worth $2,519,000 after acquiring an additional 412 shares in the last quarter. Deltec Asset Management LLC acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $424,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Comfort Systems USA by 45.3% during the fourth quarter. Retirement Systems of Alabama now owns 77,949 shares of the construction company’s stock valued at $33,055,000 after acquiring an additional 24,302 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FIX shares. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Price Performance

FIX opened at $460.79 on Friday. Comfort Systems USA, Inc. has a 1 year low of $232.21 and a 1 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 company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22. The firm’s fifty day moving average price is $461.47 and its two-hundred day moving average price is $407.38.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value 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 $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Comfort Systems USA 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.