Mirae Asset Global Investments Co. Ltd. Boosts Stake in Comfort Systems USA, Inc. $FIX

Mirae Asset Global Investments Co. Ltd. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2,460.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,429 shares of the construction company’s stock after acquiring an additional 4,256 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Comfort Systems USA were worth $3,655,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA in the third quarter valued at about $25,000. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $27,000. Eastern Bank bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $31,000. Finally, Avion Wealth lifted its position in Comfort Systems USA by 1,800.0% during the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $1,175.25 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,200.32. The firm has a 50 day moving average of $1,019.80 and a two-hundred day moving average of $870.54. The firm has a market capitalization of $41.45 billion, a PE ratio of 49.76 and a beta of 1.67.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,528 shares of company stock worth $11,972,106 over the last three months. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FIX shares. UBS Group reiterated a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson restated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $1,155.00 to $1,196.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,064.50.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.