Precision Wealth Strategies LLC Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Precision Wealth Strategies LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 972 shares of the construction company’s stock, valued at approximately $412,000.

Other hedge funds have also made changes to their positions in the company. Creative Planning raised its holdings in Comfort Systems USA by 10.2% in the 2nd quarter. Creative Planning now owns 14,270 shares of the construction company’s stock valued at $4,340,000 after acquiring an additional 1,318 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Comfort Systems USA by 3.0% during the second quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company’s stock valued at $1,918,000 after purchasing an additional 186 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at $601,000. GAMMA Investing LLC lifted its position in Comfort Systems USA by 60.1% in the third quarter. GAMMA Investing LLC now owns 562 shares of the construction company’s stock worth $219,000 after purchasing an additional 211 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its stake in Comfort Systems USA by 10.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 1,789 shares of the construction company’s stock worth $698,000 after buying an additional 169 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,500 shares of company stock valued at $9,696,090. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 1.1 %

Shares of FIX stock opened at $438.70 on Friday. The company has a market capitalization of $15.61 billion, a P/E ratio of 33.57 and a beta of 1.23. Comfort Systems USA, Inc. has a 12-month low of $216.28 and a 12-month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $465.58 and a 200 day moving average price of $404.22.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FIX shares. Northcoast Research initiated 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 for the company. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted 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. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $506.75.

Comfort Systems USA Company 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.