Bank of New York Mellon Corp Lowers Stake in Comfort Systems USA, Inc. $FIX

Bank of New York Mellon Corp decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,377 shares of the construction company’s stock after selling 4,747 shares during the period. Bank of New York Mellon Corp owned about 0.77% of Comfort Systems USA worth $223,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $256,998,000. AQR Capital Management LLC grew its position in 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 period. Artisan Partners Limited Partnership purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth $114,551,000. AMF Tjanstepension AB purchased a new position in Comfort Systems USA during the third quarter worth about $156,183,000. Finally, Third Point LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $99,199,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. This represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,528 shares of company stock valued at $11,972,106. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,142.32 on Friday. 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 firm has a market cap of $40.29 billion, a price-to-earnings ratio of 48.36 and a beta of 1.66. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,200.32. The firm’s 50-day simple moving average is $1,015.22 and its two-hundred day simple moving average is $861.68.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus upped 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, January 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,022.00.

Comfort Systems USA 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.