Silver Oak Securities Incorporated Reduces Position in Comfort Systems USA, Inc. (NYSE:FIX)

Silver Oak Securities Incorporated reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,016 shares of the construction company’s stock after selling 218 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Comfort Systems USA were worth $865,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the 3rd quarter valued at about $28,000. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% in the fourth 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 last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC boosted its position in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $53,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIX shares. 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 price target on the stock. UBS Group raised their price target 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. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $506.75.

Comfort Systems USA Price Performance

FIX stock opened at $469.73 on Friday. The company has a market cap of $16.72 billion, a PE ratio of 35.94 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $461.81 and a two-hundred day moving average price of $406.95. Comfort Systems USA, Inc. has a 12-month low of $224.94 and a 12-month high of $553.09.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.