Laurus Investment Counsel Inc. Sells 1,510 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Laurus Investment Counsel Inc. trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 28.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,760 shares of the construction company's stock after selling 1,510 shares during the quarter. Comfort Systems USA comprises about 0.8% of Laurus Investment Counsel Inc.'s holdings, making the stock its 27th biggest holding. Laurus Investment Counsel Inc.'s holdings in Comfort Systems USA were worth $1,594,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIX. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $28,000. Harbor Investment Advisory LLC increased its position in 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 last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the third quarter worth about $38,000. V Square Quantitative Management LLC lifted its position in shares of Comfort Systems USA by 59.5% during 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. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA in the 3rd quarter worth approximately $53,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIX has been the topic of a number of research reports. Northcoast Research began coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. UBS Group lifted 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. Stifel Nicolaus lifted 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. Finally, StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $506.75.

Comfort Systems USA Stock Up 5.2 %

FIX stock traded up $21.91 during trading on Wednesday, hitting $446.97. 228,075 shares of the company's stock were exchanged, compared to its average volume of 469,221. The business has a 50-day moving average price of $462.65 and a two-hundred day moving average price of $406.68. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 34.18 and a beta of 1.22. Comfort Systems USA, Inc. has a 52-week low of $222.87 and a 52-week 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.

Insider Buying and Selling

In other 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company 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.