Truist Financial Corp Has $26.87 Million Stock Position in Comfort Systems USA, Inc. $FIX

Truist Financial Corp cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,557 shares of the construction company’s stock after selling 7,305 shares during the period. Truist Financial Corp owned approximately 0.09% of Comfort Systems USA worth $26,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FIX. Toth Financial Advisory Corp acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the 2nd quarter worth $27,000. Eastern Bank bought a new position in Comfort Systems USA during the 3rd quarter worth about $31,000. Finally, Avion Wealth raised its stake in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after purchasing an additional 54 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. UBS Group increased their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. DA Davidson reiterated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Stifel Nicolaus lifted their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,022.00.

Insider Buying and Selling at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the sale, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,528 shares of company stock worth $11,972,106 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,172.44 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $41.35 billion, a price-to-earnings ratio of 49.64 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,200.32. The company has a 50-day simple moving average of $1,010.27 and a two-hundred day simple moving average of $857.52.

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.