Comfort Systems USA, Inc. $FIX Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,830 shares of the construction company’s stock after acquiring an additional 4,765 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Comfort Systems USA were worth $70,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of FIX. WCM Investment Management LLC raised its stake in shares of Comfort Systems USA by 63.0% during the third quarter. WCM Investment Management LLC now owns 80,823 shares of the construction company’s stock worth $64,804,000 after purchasing an additional 31,231 shares during the last quarter. Peterson Wealth Services grew its position in Comfort Systems USA by 214.2% in the 3rd quarter. Peterson Wealth Services now owns 60,331 shares of the construction company’s stock valued at $49,784,000 after buying an additional 41,129 shares during the last quarter. Strategy Asset Managers LLC acquired a new position in Comfort Systems USA in the 3rd quarter valued at $216,000. Jones Financial Companies Lllp raised its position in Comfort Systems USA by 105.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,738 shares of the construction company’s stock worth $1,399,000 after buying an additional 893 shares during the last quarter. Finally, Gitterman Wealth Management LLC lifted its stake in shares of Comfort Systems USA by 93.3% in the 3rd quarter. Gitterman Wealth Management LLC now owns 375 shares of the construction company’s stock worth $310,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,229.03 on Monday. The firm has a 50 day moving average of $1,036.36 and a 200-day moving average of $888.31. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,230.49. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $43.35 billion, a price-to-earnings ratio of 52.03 and a beta of 1.67.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group reissued a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson reissued a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,064.50.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the sale, the senior vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,528 shares of company stock valued at $11,972,106 in the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Company 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.