Truist Financial Corp Trims Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Truist Financial Corp lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,628 shares of the construction company’s stock after selling 13,732 shares during the quarter. Truist Financial Corp’s holdings in Comfort Systems USA were worth $16,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $28,000. Harbor Investment Advisory LLC raised its holdings in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after buying an additional 28 shares during the period. True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $53,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock valued at $71,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FIX. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group boosted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $506.75.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 0.2 %

NYSE:FIX opened at $395.30 on Thursday. The stock has a 50-day simple moving average of $448.64 and a 200-day simple moving average of $414.36. The stock has a market cap of $14.07 billion, a P/E ratio of 30.24 and a beta of 1.22. Comfort Systems USA, Inc. has a 1 year low of $239.80 and a 1 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.

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.