BOCHK Asset Management Ltd Makes New $509,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

BOCHK Asset Management Ltd acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,200 shares of the construction company’s stock, valued at approximately $509,000.

A number of other hedge funds have also recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $229,000. SteelPeak Wealth LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at $681,000. Pacer Advisors Inc. raised its holdings in Comfort Systems USA by 22.1% during the 4th quarter. Pacer Advisors Inc. now owns 10,063 shares of the construction company’s stock valued at $4,267,000 after buying an additional 1,820 shares during the last quarter. KBC Group NV raised its holdings in Comfort Systems USA by 48.7% during the 4th quarter. KBC Group NV now owns 1,491 shares of the construction company’s stock valued at $632,000 after buying an additional 488 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Comfort Systems USA by 32.5% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the construction company’s stock valued at $412,000 after buying an additional 259 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,500 shares of company stock valued at $9,696,090. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Finally, StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $506.75.

Comfort Systems USA Stock Up 2.9 %

NYSE:FIX opened at $415.80 on Wednesday. The firm’s 50-day moving average price is $469.95 and its 200-day moving average price is $401.86. The company has a market capitalization of $14.80 billion, a PE ratio of 31.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $206.84 and a 1-year high of $553.09.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.