Jennison Associates LLC Has $69.75 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Jennison Associates LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,490 shares of the construction company's stock after selling 12,080 shares during the quarter. Jennison Associates LLC owned 0.46% of Comfort Systems USA worth $69,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $138,987,000. Natixis Advisors LLC grew its position in Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after acquiring an additional 119,033 shares during the period. EULAV Asset Management raised its stake in Comfort Systems USA by 80.0% during the third quarter. EULAV Asset Management now owns 145,103 shares of the construction company's stock worth $56,641,000 after acquiring an additional 64,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock valued at $292,093,000 after acquiring an additional 47,929 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Comfort Systems USA by 20.6% during the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company's stock valued at $99,735,000 after acquiring an additional 43,691 shares during the period. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly 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. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $8.96 during trading on Friday, reaching $460.79. The company had a trading volume of 407,496 shares, compared to its average volume of 471,119. Comfort Systems USA, Inc. has a 52 week low of $232.21 and a 52 week 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 business's 50 day moving average price is $461.47 and its 200-day moving average price is $407.38. The stock has a market cap of $16.40 billion, a PE ratio of 35.26 and a beta of 1.22.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIX. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group raised their price objective 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. Stifel Nicolaus boosted 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 initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target 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.