Fortress Financial Solutions LLC Makes New $643,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Fortress Financial Solutions LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,516 shares of the construction company’s stock, valued at approximately $643,000. Comfort Systems USA accounts for approximately 0.9% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors have also recently modified their holdings of FIX. Sanctuary Advisors LLC purchased a new position in shares of Comfort Systems USA during the second quarter worth $601,000. CWM LLC grew its position in Comfort Systems USA by 1,491.3% during the 3rd quarter. CWM LLC now owns 3,469 shares of the construction company’s stock worth $1,354,000 after purchasing an additional 3,251 shares during the period. Inspire Investing LLC raised its stake in shares of Comfort Systems USA by 97.6% during the 3rd quarter. Inspire Investing LLC now owns 2,259 shares of the construction company’s stock valued at $882,000 after buying an additional 1,116 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Comfort Systems USA by 372.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,525 shares of the construction company’s stock valued at $2,547,000 after buying an additional 5,143 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus raised their price objective 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. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $506.75.

Comfort Systems USA Stock Down 6.5 %

Shares of FIX opened at $434.64 on Wednesday. The firm has a market cap of $15.47 billion, a P/E ratio of 33.25 and a beta of 1.22. Comfort Systems USA, Inc. has a 12 month low of $233.09 and a 12 month high of $553.09. The stock’s 50 day moving average is $460.35 and its two-hundred day moving average is $410.92. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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.