Allspring Global Investments Holdings LLC Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Allspring Global Investments Holdings LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 59.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,006 shares of the construction company’s stock after selling 43,370 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Comfort Systems USA worth $12,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC boosted its position in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the period. V Square Quantitative Management LLC boosted its position in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the period. True Wealth Design LLC purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after purchasing an additional 28 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction 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 directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Trading Down 0.9 %

Shares of FIX opened at $391.40 on Tuesday. The company’s fifty day moving average is $452.91 and its 200 day moving average is $413.43. Comfort Systems USA, Inc. has a fifty-two week low of $239.80 and a fifty-two week high of $553.09. The stock has a market capitalization of $13.93 billion, a PE ratio of 29.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

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.