Vaughan Nelson Investment Management L.P. Increases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Vaughan Nelson Investment Management L.P. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 363,947 shares of the construction company's stock after buying an additional 7,890 shares during the period. Comfort Systems USA makes up approximately 1.4% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 19th biggest holding. Vaughan Nelson Investment Management L.P. owned 1.02% of Comfort Systems USA worth $154,335,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the third quarter worth $28,000. Harbor Investment Advisory LLC boosted its holdings in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after buying an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA during the third quarter valued at about $38,000. V Square Quantitative Management LLC increased its holdings in 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 worth $49,000 after buying an additional 47 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA in the third quarter worth about $53,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Buy" and a consensus price target of $506.75.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $36.18 during mid-day trading on Wednesday, hitting $398.45. The company had a trading volume of 1,079,745 shares, compared to its average volume of 488,255. 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 1 year low of $233.09 and a 1 year high of $553.09. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 30.49 and a beta of 1.22. The stock's 50-day moving average price is $459.13 and its 200-day moving average price is $411.80.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction 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 sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

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.