Moloney Securities Asset Management LLC Sells 922 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Moloney Securities Asset Management LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,659 shares of the construction company’s stock after selling 922 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Comfort Systems USA were worth $703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Cetera Investment Advisers lifted its position in shares of Comfort Systems USA by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 6,308 shares of the construction company’s stock worth $1,918,000 after buying an additional 186 shares during the period. Sanctuary Advisors LLC acquired a new position in Comfort Systems USA during the second quarter worth $601,000. Dynamic Advisor Solutions LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at $433,000. CWM LLC lifted its holdings in shares of Comfort Systems USA by 1,491.3% during the third quarter. CWM LLC now owns 3,469 shares of the construction company’s stock valued at $1,354,000 after acquiring an additional 3,251 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Comfort Systems USA by 4.6% in the 3rd quarter. Ritholtz Wealth Management now owns 4,499 shares of the construction company’s stock valued at $1,756,000 after purchasing an additional 197 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

FIX stock opened at $460.79 on Monday. The company has a 50 day moving average price of $460.83 and a 200 day moving average price of $408.93. Comfort Systems USA, Inc. has a fifty-two week low of $232.21 and a fifty-two week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $16.40 billion, a PE ratio of 35.26 and a beta of 1.22.

Analysts Set New Price Targets

FIX has been the subject of several recent analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday. Stifel Nicolaus raised their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $506.75.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on 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 $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.