Bridges Investment Management Inc. Sells 2,364 Shares of Comfort Systems USA, Inc. $FIX

Bridges Investment Management Inc. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 28.7% during the third quarter, HoldingsChannel.com reports. The fund owned 5,863 shares of the construction company’s stock after selling 2,364 shares during the period. Bridges Investment Management Inc.’s holdings in Comfort Systems USA were worth $4,838,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at approximately $256,998,000. AQR Capital Management LLC boosted its position in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Comfort Systems USA during the second quarter worth $114,551,000. AMF Tjanstepension AB acquired a new position in shares of Comfort Systems USA during the third quarter worth $156,183,000. Finally, Third Point LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter valued at $99,199,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA 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 completion of the transaction, the senior vice president owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,528 shares of company stock worth $11,972,106 over the last three months. 1.59% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FIX shares. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group upped their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,022.00.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,142.32 on Monday. The stock has a market capitalization of $40.29 billion, a PE ratio of 48.36 and a beta of 1.67. The business’s 50 day simple moving average is $1,015.22 and its 200 day simple moving average is $866.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,200.32.

About Comfort Systems USA

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.