Sheaff Brock Investment Advisors LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Sheaff Brock Investment Advisors LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,647 shares of the construction company’s stock, valued at approximately $1,971,000.

Several other institutional investors have also modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC grew its position in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after buying an additional 55 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the last quarter. True Wealth Design LLC acquired a new stake in Comfort Systems USA in the third quarter valued at $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $391.40 on Friday. 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’s 50-day moving average price is $452.91 and its two-hundred day moving average price is $412.86. Comfort Systems USA, Inc. has a 52-week low of $239.80 and a 52-week high of $553.09. The stock has a market capitalization of $13.93 billion, a P/E ratio of 29.95 and a beta of 1.22.

Wall Street Analyst Weigh In

FIX has been the subject of several research analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on 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 increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $506.75.

Insider Transactions at Comfort Systems USA

In other 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 transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

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.