Ibex Wealth Advisors Invests $443,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Ibex Wealth Advisors acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,044 shares of the construction company's stock, valued at approximately $443,000.

Other hedge funds have also modified their holdings of the company. Hollencrest Capital Management bought a new position in Comfort Systems USA in the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC lifted its stake in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after acquiring an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the third quarter valued at about $38,000. V Square Quantitative Management LLC increased its position in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after purchasing an additional 47 shares during the period. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth about $53,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $7.64 during mid-day trading on Thursday, hitting $434.04. The stock had a trading volume of 224,646 shares, compared to its average volume of 487,558. 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 twelve month low of $216.28 and a twelve month high of $553.09. The company's 50 day simple moving average is $467.77 and its 200 day simple moving average is $402.69. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 33.25 and a beta of 1.23.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,500 shares of company stock valued at $9,696,090 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on FIX shares. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $506.75.

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.