Biltmore Wealth Management LLC Takes $230,000 Position in Comfort Systems USA, Inc. (FIX)

Biltmore Wealth Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,275 shares of the construction company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Comfort Systems USA by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after acquiring an additional 173 shares during the last quarter. Advisor Group Inc. lifted its holdings in Comfort Systems USA by 27.2% in the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock valued at $122,000 after acquiring an additional 706 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Comfort Systems USA by 119.1% in the fourth quarter. LS Investment Advisors LLC now owns 3,026 shares of the construction company’s stock valued at $132,000 after acquiring an additional 1,645 shares during the last quarter. Magnetar Financial LLC acquired a new position in Comfort Systems USA in the third quarter valued at approximately $202,000. Finally, Greenwood Capital Associates LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.

A number of research firms have commented on FIX. Guggenheim cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. DA Davidson upped their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Gilford Securities cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $58.67.

Comfort Systems USA, Inc. (FIX) opened at $41.10 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33. Comfort Systems USA, Inc. has a 52 week low of $31.90 and a 52 week high of $44.80. The company has a market capitalization of $1,516.93, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19.

In other news, Director Alan Krusi sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $42.50, for a total value of $85,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 19,389 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $42.35, for a total value of $821,124.15. Following the completion of the sale, the insider now owns 203,021 shares in the company, valued at $8,597,939.35. The disclosure for this sale can be found here. Insiders have sold 36,568 shares of company stock worth $1,541,365 over the last 90 days. 3.48% of the stock is owned by insiders.

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Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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