Principal Financial Group Inc. Cuts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Principal Financial Group Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,707 shares of the construction company’s stock after selling 6,852 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Comfort Systems USA worth $73,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Consolidated Planning Corp raised its position in shares of Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new position in Comfort Systems USA in the fourth quarter valued at $2,998,000. Zacks Investment Management raised its position in Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Entropy Technologies LP bought a new stake in Comfort Systems USA during the third quarter worth about $1,484,000. Finally, WCM Investment Management LLC boosted its holdings in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after purchasing an additional 14,090 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIX. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. UBS Group lifted 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 note on Monday, December 9th. Finally, 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Price Performance

FIX opened at $395.30 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $448.64 and its 200 day simple moving average is $414.36. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 30.24 and a beta of 1.22. Comfort Systems USA, Inc. has a 1 year low of $239.80 and a 1 year high of $553.09.

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.