Fortress Financial Solutions LLC Acquires Shares of 1,516 Comfort Systems USA, Inc. (NYSE:FIX)

Fortress Financial Solutions LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,516 shares of the construction company’s stock, valued at approximately $643,000. Comfort Systems USA makes up about 0.9% of Fortress Financial Solutions LLC’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Comfort Systems USA during the second quarter worth about $601,000. CWM LLC lifted its stake in Comfort Systems USA by 1,491.3% in the 3rd quarter. CWM LLC now owns 3,469 shares of the construction company’s stock worth $1,354,000 after purchasing an additional 3,251 shares in the last quarter. Inspire Investing LLC lifted its stake in Comfort Systems USA by 97.6% in the 3rd quarter. Inspire Investing LLC now owns 2,259 shares of the construction company’s stock worth $882,000 after purchasing an additional 1,116 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Comfort Systems USA by 372.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,525 shares of the construction company’s stock worth $2,547,000 after purchasing an additional 5,143 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $38,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

FIX stock opened at $434.64 on Wednesday. Comfort Systems USA, Inc. has a 52-week low of $233.09 and a 52-week high of $553.09. The business has a fifty day moving average of $460.35 and a two-hundred day moving average of $410.92. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 33.25 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus lifted their price target on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Finally, UBS Group raised their price objective 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $506.75.

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.