Linden Thomas Advisory Services LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 21.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,218 shares of the construction company’s stock after acquiring an additional 388 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Comfort Systems USA were worth $941,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $138,987,000. Millennium Management LLC boosted its stake in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares in the last quarter. Jennison Associates LLC grew its position in Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $29,743,000. Institutional investors own 96.51% of the company’s stock.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the transaction, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
Comfort Systems USA Stock Performance
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 earnings per share. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. 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. Stifel Nicolaus boosted their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $506.75.
Read Our Latest Stock Report on FIX
Comfort Systems USA Company 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.
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