AlphaQuest LLC Lowers Stock Holdings in Comfort Systems USA, Inc. $FIX

AlphaQuest LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 74.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 817 shares of the construction company’s stock after selling 2,420 shares during the quarter. AlphaQuest LLC’s holdings in Comfort Systems USA were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $256,998,000. AQR Capital Management LLC boosted its position in shares of Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after acquiring an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Comfort Systems USA in the second quarter worth approximately $114,551,000. AMF Tjanstepension AB purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $156,183,000. Finally, Third Point LLC acquired a new position in Comfort Systems USA during the second quarter worth approximately $99,199,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,209.91 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,220.00. 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 company has a market cap of $42.67 billion, a price-to-earnings ratio of 51.22 and a beta of 1.67. The firm has a fifty day moving average of $1,024.88 and a 200-day moving average of $875.15.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FIX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six research 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 a consensus rating of “Moderate Buy” and a consensus price target of $1,064.50.

Insider Buying and Selling

In other news, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 7,158 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,528 shares of company stock valued at $11,972,106 in the last three months. 1.59% of the stock is currently owned by corporate insiders.

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.