WCM Investment Management LLC Has $17.58 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

WCM Investment Management LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 58.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,949 shares of the construction company’s stock after selling 58,604 shares during the period. WCM Investment Management LLC’s holdings in Comfort Systems USA were worth $17,579,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the third quarter worth about $28,000. Harbor Investment Advisory LLC boosted its stake in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC raised its stake in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Comfort Systems USA in the third quarter valued at approximately $53,000. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Stock Down 1.9 %

Shares of NYSE:FIX opened at $460.79 on Monday. Comfort Systems USA, Inc. has a 1 year low of $232.21 and a 1 year high of $553.09. The company has a market capitalization of $16.40 billion, a PE ratio of 35.26 and a beta of 1.22. The business has a fifty day moving average price of $460.83 and a two-hundred day moving average price of $408.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.