BOCHK Asset Management Ltd Purchases Shares of 1,200 Comfort Systems USA, Inc. (NYSE:FIX)

BOCHK Asset Management Ltd purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,200 shares of the construction company's stock, valued at approximately $509,000.

Several other hedge funds have also made changes to their positions in FIX. R Squared Ltd purchased a new position in Comfort Systems USA in the fourth quarter worth approximately $229,000. SteelPeak Wealth LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $681,000. Pacer Advisors Inc. grew its holdings in shares of Comfort Systems USA by 22.1% during the 4th quarter. Pacer Advisors Inc. now owns 10,063 shares of the construction company's stock worth $4,267,000 after purchasing an additional 1,820 shares during the period. KBC Group NV increased its position in shares of Comfort Systems USA by 48.7% during the 4th quarter. KBC Group NV now owns 1,491 shares of the construction company's stock worth $632,000 after purchasing an additional 488 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Comfort Systems USA by 32.5% in the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the construction company's stock valued at $412,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares of the company's stock, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business'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 transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company's stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,500 shares of company stock worth $9,696,090. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Up 1.1 %

FIX traded up $4.84 during trading hours on Friday, hitting $438.70. 397,650 shares of the company's stock were exchanged, compared to its average volume of 454,092. The firm has a market cap of $15.61 billion, a P/E ratio of 33.57 and a beta of 1.23. Comfort Systems USA, Inc. has a 12-month low of $216.28 and a 12-month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $465.58 and a 200 day moving average of $404.22.

Analysts Set New Price Targets

Several brokerages have weighed in on FIX. 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 increased 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 report on Friday, January 24th. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price on the stock. Finally, UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $506.75.

Comfort Systems USA 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.