Comfort Systems USA, Inc. $FIX Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 122.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,025 shares of the construction company’s stock after purchasing an additional 565 shares during the quarter. QRG Capital Management Inc.’s holdings in Comfort Systems USA were worth $846,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares during the period. Focus Partners Wealth grew its position in shares of Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Comfort Systems USA by 73.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company’s stock valued at $6,933,000 after buying an additional 5,441 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Comfort Systems USA by 10.6% during the second quarter. Farther Finance Advisors LLC now owns 1,219 shares of the construction company’s stock worth $654,000 after buying an additional 117 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 1.2%

Shares of FIX opened at $1,147.97 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,158.35. The company’s fifty day moving average is $981.59 and its two-hundred day moving average is $834.13. The firm has a market cap of $40.49 billion, a PE ratio of 48.60 and a beta of 1.66. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share for the quarter, topping the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company posted $4.09 EPS. The business’s quarterly revenue was up 35.2% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares in the company, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director directly owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,028 shares of company stock worth $25,381,151. Corporate insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. UBS Group upped their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

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.