Meritage Portfolio Management Buys 412 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Meritage Portfolio Management lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,940 shares of the construction company’s stock after buying an additional 412 shares during the period. Meritage Portfolio Management’s holdings in Comfort Systems USA were worth $2,519,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIX. State Street Corp increased its holdings in Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after purchasing an additional 6,496 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $138,987,000. Royal London Asset Management Ltd. raised its holdings in Comfort Systems USA by 20.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after buying an additional 43,691 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FIX. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus increased their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $506.75.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s 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 completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $444.65 on Thursday. The company has a market capitalization of $15.83 billion, a PE ratio of 34.02 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $222.87 and a twelve month high of $553.09. The firm has a fifty day simple moving average of $462.65 and a 200 day simple moving average of $406.68.

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.