Cardinal Point Capital Management ULC Trims Position in Comfort Systems USA, Inc. $FIX

Cardinal Point Capital Management ULC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 47.1% during the 3rd quarter, Holdings Channel reports. The fund owned 4,472 shares of the construction company’s stock after selling 3,978 shares during the period. Cardinal Point Capital Management ULC’s holdings in Comfort Systems USA were worth $3,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA during the third quarter valued at $25,000. Quent Capital LLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $27,000. Eastern Bank purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $31,000. Finally, Avion Wealth lifted its holdings in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 7.1%

Shares of FIX opened at $1,229.03 on Monday. The firm has a market cap of $43.35 billion, a P/E ratio of 52.03 and a beta of 1.67. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,230.49. The stock’s 50 day moving average is $1,036.36 and its two-hundred day moving average is $888.31. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the transaction, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,528 shares of company stock valued at $11,972,106. 1.59% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.