546 Shares in Comfort Systems USA, Inc. $FIX Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 546 shares of the construction company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after purchasing an additional 21,847 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock worth $286,757,000 after purchasing an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp increased its position in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after purchasing an additional 832,999 shares during the last quarter. AQR Capital Management LLC increased its position in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Comfort Systems USA by 36.4% during the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock worth $167,430,000 after purchasing an additional 138,541 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. UBS Group increased their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $735.80.

Insiders Place Their Bets

In other news, CFO William George III sold 8,436 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares of the company’s stock, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Trading Down 4.9%

NYSE FIX opened at $788.90 on Thursday. The firm has a 50 day simple moving average of $768.00 and a 200-day simple moving average of $590.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $861.77. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 40.54 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $713.90 million during the quarter. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

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.