Exchange Traded Concepts LLC Cuts Position in Comfort Systems USA, Inc. (NYSE:FIX)

Exchange Traded Concepts LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 84.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 990 shares of the construction company’s stock after selling 5,535 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Comfort Systems USA were worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA during the third quarter valued at approximately $138,987,000. Jennison Associates LLC lifted its holdings in shares of Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after acquiring an additional 119,033 shares in the last quarter. EULAV Asset Management boosted its position in Comfort Systems USA by 80.0% during the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock worth $56,641,000 after purchasing an additional 64,500 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after purchasing an additional 47,929 shares in 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 $434.10 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 $467.77 and its two-hundred day moving average price is $402.69. Comfort Systems USA, Inc. has a 52-week low of $216.28 and a 52-week high of $553.09. The stock has a market capitalization of $15.45 billion, a P/E ratio of 33.21 and a beta of 1.23.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIX shares. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Northcoast Research began coverage on 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. Stifel Nicolaus upped 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. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $506.75.

Insider Buying and Selling

In other news, 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 value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,500 shares of company stock valued at $9,696,090 in the last quarter. Company 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.