Symphony Financial Ltd. Co. Cuts Stock Holdings in Comfort Systems USA, Inc. $FIX

Symphony Financial Ltd. Co. trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 99.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 357 shares of the construction company’s stock after selling 163,232 shares during the period. Symphony Financial Ltd. Co.’s holdings in Comfort Systems USA were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FIX. Wedmont Private Capital increased its holdings in shares of Comfort Systems USA by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after buying an additional 18 shares during the last quarter. Archer Investment Corp grew its position in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after acquiring an additional 20 shares in the last quarter. Transce3nd LLC increased its stake in Comfort Systems USA by 12.9% in the second quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock valued at $104,000 after acquiring an additional 22 shares during the last quarter. Optimum Investment Advisors lifted its stake in Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after purchasing an additional 25 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in Comfort Systems USA by 9.1% during the third quarter. Princeton Global Asset Management LLC now owns 300 shares of the construction company’s stock worth $248,000 after purchasing an additional 25 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. UBS Group boosted their price objective 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 reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Trading Down 0.8%

Shares of FIX opened at $1,122.73 on Friday. The stock has a market capitalization of $39.60 billion, a P/E ratio of 47.53 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,177.87. 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 firm has a fifty day simple moving average of $990.57 and a two-hundred day simple moving average of $842.41.

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

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 transaction of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,028 shares of company stock worth $25,381,151 over the last 90 days. 1.59% of the stock is owned by insiders.

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.