Locust Wood Capital Advisers LLC Has $817,000 Stake in Comfort Systems USA, Inc. $FIX

Locust Wood Capital Advisers LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 53.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 990 shares of the construction company’s stock after selling 1,140 shares during the period. Locust Wood Capital Advisers LLC’s holdings in Comfort Systems USA were worth $817,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Bey Douglas LLC acquired a new stake in Comfort Systems USA during the 3rd quarter valued at approximately $263,000. Stock Yards Bank & Trust Co. bought a new stake in Comfort Systems USA in the third quarter valued at $266,000. Chicago Partners Investment Group LLC raised its holdings in shares of Comfort Systems USA by 46.6% during the third quarter. Chicago Partners Investment Group LLC now owns 937 shares of the construction company’s stock valued at $773,000 after purchasing an additional 298 shares during the period. Huntleigh Advisors Inc. grew its stake in Comfort Systems USA by 12.1% in the third quarter. Huntleigh Advisors Inc. now owns 6,086 shares of the construction company’s stock valued at $5,022,000 after acquiring an additional 655 shares during the period. Finally, Vest Financial LLC lifted its holdings in shares of Comfort Systems USA by 4.7% in the 3rd quarter. Vest Financial LLC now owns 10,762 shares of the construction company’s stock worth $8,881,000 after purchasing an additional 486 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 in the last quarter. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FIX shares. DA Davidson reissued a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. UBS Group lifted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,147.97 on Thursday. The stock’s 50 day moving average is $981.59 and its 200 day moving average is $834.13. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,158.35. 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 company has a market capitalization of $40.49 billion, a P/E ratio of 48.60 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $1.96. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company posted $4.09 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal 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.