Summit Global Investments Makes New $411,000 Investment in Comfort Systems USA, Inc. $FIX

Summit Global Investments bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 298 shares of the construction company’s stock, valued at approximately $411,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Convergence Investment Partners LLC acquired a new stake in Comfort Systems USA during the 1st quarter valued at $2,226,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Comfort Systems USA during the first quarter worth about $1,524,000. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the first quarter worth about $48,000. Meeder Advisory Services Inc. lifted its stake in shares of Comfort Systems USA by 19.2% in the first quarter. Meeder Advisory Services Inc. now owns 628 shares of the construction company’s stock worth $866,000 after acquiring an additional 101 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of Comfort Systems USA by 24.5% in the first quarter. WCM Investment Management LLC now owns 116,698 shares of the construction company’s stock worth $148,578,000 after acquiring an additional 22,992 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,015.43.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the stock in a transaction 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 of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the sale, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Trading Up 1.1%

NYSE FIX opened at $1,793.07 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a one year low of $538.26 and a one year high of $2,073.99. The company has a 50-day simple moving average of $1,845.31 and a 200-day simple moving average of $1,561.72. The firm has a market capitalization of $63.12 billion, a PE ratio of 51.73 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business earned $4.75 earnings per share. Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

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.