Comfort Systems USA, Inc. $FIX Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.8% during the third quarter, HoldingsChannel.com reports. The firm owned 324,279 shares of the construction company’s stock after acquiring an additional 26,335 shares during the period. Federated Hermes Inc.’s holdings in Comfort Systems USA were worth $267,589,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FIX. Monument Capital Management acquired a new position in Comfort Systems USA in the second quarter valued at $3,629,000. Private Client Services LLC raised its holdings in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after purchasing an additional 2,354 shares during the period. Brown Advisory Inc. lifted its stake in shares of Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after purchasing an additional 15,831 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $2,392,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $27,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

FIX opened at $1,159.22 on Wednesday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,177.87. The firm has a market cap of $40.89 billion, a price-to-earnings ratio of 49.08 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $999.53 and a 200 day simple moving average of $853.12.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, UBS Group boosted their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,022.00.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. This trade represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,528 shares of company stock valued at $15,806,986 over the last ninety days. Insiders own 1.59% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.