R Squared Ltd Invests $229,000 in Comfort Systems USA, Inc. (NYSE:FIX)

R Squared Ltd acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 540 shares of the construction company’s stock, valued at approximately $229,000.

Several other hedge funds have also recently bought and sold shares of FIX. SteelPeak Wealth LLC acquired a new position in Comfort Systems USA in the 4th quarter valued at about $681,000. Pacer Advisors Inc. boosted its stake in shares of Comfort Systems USA by 22.1% in the fourth quarter. Pacer Advisors Inc. now owns 10,063 shares of the construction company’s stock valued at $4,267,000 after purchasing an additional 1,820 shares during the period. KBC Group NV grew its holdings in shares of Comfort Systems USA by 48.7% in the fourth quarter. KBC Group NV now owns 1,491 shares of the construction company’s stock valued at $632,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. increased its stake in Comfort Systems USA by 32.5% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the construction company’s stock worth $412,000 after buying an additional 259 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $360,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $415.80 on Wednesday. The stock has a market capitalization of $14.80 billion, a P/E ratio of 31.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1 year low of $206.84 and a 1 year high of $553.09. The company’s fifty day moving average is $469.95 and its two-hundred day moving average is $401.86.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of the company’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 owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,500 shares of company stock worth $9,696,090. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, UBS Group boosted 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. 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 has an average rating of “Moderate Buy” and an average target price of $506.75.

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.