Illinois Municipal Retirement Fund Has $5.28 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Illinois Municipal Retirement Fund grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,400 shares of the construction company’s stock after acquiring an additional 835 shares during the period. Illinois Municipal Retirement Fund’s holdings in Comfort Systems USA were worth $5,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Comfort Systems USA during the second quarter valued at approximately $256,998,000. AQR Capital Management LLC increased 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 during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $114,551,000. AMF Tjanstepension AB acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $156,183,000. Finally, Third Point LLC acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $99,199,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group restated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. 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. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,064.50.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, SVP Laura Finley Howell sold 1,000 shares of the firm’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 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 $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,528 shares of company stock worth $11,972,106. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,339.38 on Friday. The company has a market cap of $47.24 billion, a P/E ratio of 56.71 and a beta of 1.67. The firm’s fifty day moving average price is $1,069.97 and its two-hundred day moving average price is $909.34. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

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.