Scalar Gauge Management LLC Invests $13.20 Million in Comfort Systems USA, Inc. $FIX

Scalar Gauge Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,000 shares of the construction company’s stock, valued at approximately $13,203,000. Comfort Systems USA makes up 6.7% of Scalar Gauge Management LLC’s portfolio, making the stock its 3rd largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA during the 3rd quarter worth about $25,000. Quent Capital LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the second quarter valued at about $27,000. Eastern Bank acquired a new position in Comfort Systems USA in the 3rd quarter valued at approximately $31,000. Finally, Avion Wealth lifted its position in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,128.06 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,177.87. The firm has a 50 day moving average of $994.74 and a 200-day moving average of $848.76. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $39.79 billion, a P/E ratio of 47.76 and a beta of 1.66.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the transaction, the director owned 4,000 shares in the company, valued at $4,021,640. This represents a 38.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. Insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group lifted their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,022.00.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.