Trust Point Inc. Has $775,000 Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Trust Point Inc. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,827 shares of the construction company’s stock after acquiring an additional 32 shares during the quarter. Trust Point Inc.’s holdings in Comfort Systems USA were worth $775,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FIX. State Street Corp grew its holdings in shares of Comfort Systems USA by 0.6% during the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA during the 3rd quarter worth about $138,987,000. Royal London Asset Management Ltd. increased its position 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 acquiring an additional 43,691 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after acquiring an additional 173,709 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $425.84 on Wednesday. The firm has a fifty day moving average of $464.22 and a two-hundred day moving average of $405.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 32.58 and a beta of 1.22. Comfort Systems USA, Inc. has a 52 week low of $220.99 and a 52 week high of $553.09.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value 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. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.