Comfort Systems USA, Inc. $FIX Shares Sold by CI Investments Inc.

CI Investments Inc. trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 34.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,467 shares of the construction company’s stock after selling 3,933 shares during the quarter. CI Investments Inc.’s holdings in Comfort Systems USA were worth $10,297,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the period. Norges Bank acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $469,606,000. State Street Corp lifted its stake in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC grew its holdings in Comfort Systems USA by 39.0% during the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after purchasing an additional 309,217 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,793.07 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock has a fifty day moving average price of $1,845.31 and a 200 day moving average price of $1,561.72. Comfort Systems USA, Inc. has a 1-year low of $538.26 and a 1-year high of $2,073.99. The company has a market cap of $63.12 billion, a PE ratio of 51.73 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company posted $4.75 EPS. Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. UBS Group increased their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $2,015.43.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,778 shares of company stock valued at $59,746,124. Insiders own 1.24% of the company’s stock.

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.