Deltec Asset Management LLC Makes New $424,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Deltec Asset Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the construction company's stock, valued at approximately $424,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its stake in shares of Comfort Systems USA by 45.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,949 shares of the construction company's stock worth $33,055,000 after buying an additional 24,302 shares in the last quarter. Trust Point Inc. raised its position in Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after acquiring an additional 32 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Comfort Systems USA by 40.9% in the 4th quarter. Boston Trust Walden Corp now owns 875 shares of the construction company's stock valued at $371,000 after acquiring an additional 254 shares during the last quarter. Financial Life Planners acquired a new stake in Comfort Systems USA in the 4th quarter valued at about $81,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at about $3,083,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their target price on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $506.75.

Comfort Systems USA Trading Down 1.9 %

Shares of NYSE:FIX traded down $8.96 during mid-day trading on Friday, hitting $460.79. The stock had a trading volume of 407,496 shares, compared to its average volume of 474,194. The company's 50 day moving average is $460.83 and its 200-day moving average is $408.93. Comfort Systems USA, Inc. has a 12-month low of $232.21 and a 12-month high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $16.40 billion, a PE ratio of 35.26 and a beta of 1.22.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The shares were 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 of the company's stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.