New York State Common Retirement Fund Boosts Holdings in Comfort Systems USA, Inc. $FIX

New York State Common Retirement Fund boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 90.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,942 shares of the construction company’s stock after buying an additional 16,140 shares during the quarter. New York State Common Retirement Fund’s holdings in Comfort Systems USA were worth $28,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its stake in shares of Comfort Systems USA by 1.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 13 shares in the last quarter. Wedmont Private Capital lifted its position in Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after purchasing an additional 18 shares in the last quarter. Ballentine Partners LLC grew its holdings in Comfort Systems USA by 2.2% during the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock valued at $741,000 after purchasing an additional 19 shares during the period. Archer Investment Corp increased its position in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after buying an additional 20 shares in the last quarter. Finally, Transce3nd LLC raised its stake in shares of Comfort Systems USA by 12.9% in the second quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after buying an additional 22 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. UBS Group raised their price objective 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. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $1,022.00.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,528 shares of company stock valued at $11,972,106 over the last three months. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,142.32 on Friday. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 48.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a 50 day moving average price of $1,015.22 and a 200-day moving average price of $863.92. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,200.32.

Comfort Systems USA Company Profile

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.