Comfort Systems USA, Inc. $FIX Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 63.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,823 shares of the construction company’s stock after purchasing an additional 31,231 shares during the period. WCM Investment Management LLC owned approximately 0.23% of Comfort Systems USA worth $64,804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth $27,000. Eastern Bank acquired a new stake in Comfort Systems USA in the 3rd quarter worth about $31,000. Finally, Avion Wealth boosted its position in shares of Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,064.50.

Insider Activity

In related news, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,528 shares of company stock worth $11,972,106. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,175.25 on Tuesday. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of 49.76 and a beta of 1.67. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,200.32. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $1,019.80 and a two-hundred day moving average of $870.54.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.