Precision Wealth Strategies LLC Invests $412,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Precision Wealth Strategies LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 972 shares of the construction company's stock, valued at approximately $412,000.

A number of other hedge funds also recently made changes to their positions in FIX. Diversified Trust Co acquired a new stake in Comfort Systems USA in the fourth quarter worth about $2,998,000. Zacks Investment Management lifted its position in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock worth $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Entropy Technologies LP bought a new position in Comfort Systems USA during the third quarter valued at approximately $1,484,000. WCM Investment Management LLC grew its holdings in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock valued at $38,833,000 after purchasing an additional 14,090 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Comfort Systems USA during the third quarter valued at approximately $940,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the chief operating officer now owns 23,990 shares of the company's stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Performance

FIX traded up $21.47 during trading hours on Wednesday, reaching $446.53. The company's stock had a trading volume of 204,445 shares, compared to its average volume of 468,515. Comfort Systems USA, Inc. has a 52 week low of $222.87 and a 52 week high of $553.09. The company's 50-day moving average is $462.65 and its 200-day moving average is $406.68. 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 firm has a market cap of $15.89 billion, a PE ratio of 34.21 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIX. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate 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.