Vaughan Nelson Investment Management L.P. Raises Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Vaughan Nelson Investment Management L.P. boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 363,947 shares of the construction company’s stock after acquiring an additional 7,890 shares during the period. Comfort Systems USA accounts for 1.4% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 19th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Comfort Systems USA were worth $154,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FIX. State Street Corp boosted its position in shares of 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 boosted its holdings in Comfort Systems USA by 6.8% in the third 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 in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Comfort Systems USA by 20.6% in the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after acquiring an additional 43,691 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Comfort Systems USA by 6,071.6% during 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. Finally, Franklin Resources Inc. increased its holdings in shares of Comfort Systems USA by 0.8% during the third quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after acquiring an additional 1,236 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 1.9 %

Shares of Comfort Systems USA stock opened at $460.79 on Friday. Comfort Systems USA, Inc. has a 1 year low of $232.21 and a 1 year high of $553.09. 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 has a market cap of $16.40 billion, a PE ratio of 35.26 and a beta of 1.22. The firm has a fifty day moving average price of $460.83 and a 200 day moving average price of $408.37.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 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 the firm’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 sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Comfort Systems USA

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.