Comfort Systems USA, Inc. $FIX Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 19.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,277 shares of the construction company’s stock after buying an additional 2,461 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Comfort Systems USA were worth $12,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FIX. Monument Capital Management bought a new position in shares of Comfort Systems USA in the second quarter worth $3,629,000. Private Client Services LLC raised its stake in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 2,354 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Comfort Systems USA by 2,271.3% in the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares during the period. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA in the 2nd quarter valued at about $27,000. Finally, Calamos Advisors LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at about $1,527,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday. UBS Group boosted their target price 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. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 4,000 shares of the 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 in the company, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction on 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 transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,130.87 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,177.87. The firm’s 50 day simple moving average is $986.26 and its 200-day simple moving average is $836.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The company has a market cap of $39.89 billion, a P/E ratio of 47.88 and a beta of 1.66.

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