Empowered Funds LLC Acquires New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Empowered Funds LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,709 shares of the construction company's stock, valued at approximately $1,149,000.

Several other hedge funds have also recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $28,000. Harbor Investment Advisory LLC boosted its position in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after buying an additional 55 shares during the last quarter. V Square Quantitative Management LLC boosted 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 valued at $49,000 after buying an additional 47 shares during the last quarter. True Wealth Design LLC purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $13.57 during mid-day trading on Thursday, hitting $382.29. The company had a trading volume of 650,764 shares, compared to its average volume of 506,483. 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, Inc. has a 12-month low of $239.80 and a 12-month high of $553.09. The company's fifty day moving average is $448.64 and its 200-day moving average is $414.36. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 29.25 and a beta of 1.22.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research report on Friday, January 24th. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. UBS Group upped their target price 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. Finally, 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 price objective on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and an average target price of $506.75.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of the company'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 transaction of $1,939,240.00. Following the completion of 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 filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

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.