Comfort Systems USA, Inc. $FIX Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 58.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 625 shares of the construction company’s stock after selling 885 shares during the quarter. Shell Asset Management Co.’s holdings in Comfort Systems USA were worth $516,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIX. Private Client Services LLC grew its position in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after acquiring an additional 2,354 shares during the last quarter. Brown Advisory Inc. boosted its stake in Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after purchasing an additional 15,831 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Comfort Systems USA by 19.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock valued at $12,474,000 after purchasing an additional 2,461 shares during the period. Triasima Portfolio Management inc. bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $2,392,000. Finally, Calamos Advisors LLC bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $1,527,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Trading Down 0.2%

Comfort Systems USA stock opened at $1,335.58 on Wednesday. The firm has a market cap of $47.11 billion, a price-to-earnings ratio of 56.54 and a beta of 1.67. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,399.00. The firm’s 50 day moving average price is $1,084.08 and its two-hundred day moving average price is $919.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent analyst reports. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus upped their price target 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. DA Davidson reaffirmed 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. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

Insider Buying and Selling

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

About Comfort Systems USA

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.