WCM Investment Management LLC Lowers Position in Comfort Systems USA, Inc. (NYSE:FIX)

WCM Investment Management LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 58.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,949 shares of the construction company's stock after selling 58,604 shares during the quarter. WCM Investment Management LLC owned approximately 0.12% of Comfort Systems USA worth $17,579,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Comfort Systems USA in the third quarter worth about $28,000. Harbor Investment Advisory LLC raised its holdings 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 worth $36,000 after purchasing an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the third quarter worth about $38,000. V Square Quantitative Management LLC raised its holdings 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 worth $49,000 after purchasing an additional 47 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA in the third quarter worth about $53,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $4.17 during midday trading on Thursday, hitting $394.15. The company's stock had a trading volume of 857,967 shares, compared to its average volume of 501,023. Comfort Systems USA, Inc. has a fifty-two week low of $239.80 and a fifty-two week high of $553.09. The firm's 50 day moving average is $457.08 and its 200-day moving average is $411.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $14.03 billion, a P/E ratio of 30.16 and a beta of 1.22.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price for the company. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. UBS Group upped their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a report on Friday, January 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.