Bessemer Group Inc. Sells 1,501 Shares of Comfort Systems USA, Inc. $FIX

Bessemer Group Inc. cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,659 shares of the construction company’s stock after selling 1,501 shares during the quarter. Bessemer Group Inc.’s holdings in Comfort Systems USA were worth $24,474,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP raised its holdings in Comfort Systems USA by 5.3% during the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after acquiring an additional 46,773 shares in the last quarter. Geode Capital Management LLC raised its stake in Comfort Systems USA by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after purchasing an additional 3,032 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Comfort Systems USA by 3.4% during the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after purchasing an additional 17,469 shares during the period. Finally, Norges Bank acquired a new position in Comfort Systems USA in the 2nd quarter valued at $256,998,000. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,229.03 on Friday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,230.49. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $1,036.36 and its 200 day moving average is $883.47. The stock has a market cap of $43.35 billion, a PE ratio of 52.03 and a beta of 1.67.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIX. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, DA Davidson restated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,064.50.

Comfort Systems USA 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.