Asset Management One Co. Ltd. Invests $8.29 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Asset Management One Co. Ltd. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,227 shares of the construction company’s stock, valued at approximately $8,291,000. Asset Management One Co. Ltd. owned 0.05% of Comfort Systems USA as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA during the third quarter worth about $138,987,000. Jennison Associates LLC increased its position in Comfort Systems USA by 6,071.6% in 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 during the period. Natixis Advisors LLC increased its position in Comfort Systems USA by 871.4% in 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 during the period. EULAV Asset Management increased 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 position in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the firm’s 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 sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. 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 target price on the stock. Stifel Nicolaus upped their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $391.40 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $239.80 and a 1-year high of $553.09. The firm has a 50-day moving average of $452.91 and a two-hundred day moving average of $413.43. The stock has a market cap of $13.93 billion, a P/E ratio of 29.95 and a beta of 1.22.

Comfort Systems USA Company 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.