Greenwood Capital Associates LLC Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Greenwood Capital Associates LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,991 shares of the construction company’s stock after selling 453 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Comfort Systems USA were worth $1,268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $2,998,000. Zacks Investment Management raised its position in Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the period. Entropy Technologies LP purchased a new stake in shares of Comfort Systems USA in the 3rd quarter worth $1,484,000. WCM Investment Management LLC lifted its position in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after purchasing an additional 14,090 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $940,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $427.63 on Tuesday. The company has a fifty day simple moving average of $465.58 and a two-hundred day simple moving average of $404.94. Comfort Systems USA, Inc. has a 52 week low of $220.99 and a 52 week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $15.22 billion, a P/E ratio of 32.71 and a beta of 1.22.

Wall Street Analyst Weigh In

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

Insider Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

About Comfort Systems USA

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.