Principal Financial Group Inc. Sells 12,686 Shares of Comfort Systems USA, Inc. $FIX

Principal Financial Group Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 160,698 shares of the construction company’s stock after selling 12,686 shares during the period. Principal Financial Group Inc.’s holdings in Comfort Systems USA were worth $132,614,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA during the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA in the second quarter worth approximately $27,000. Eastern Bank purchased a new stake in shares of Comfort Systems USA in the third quarter worth $31,000. Finally, Avion Wealth raised its position in shares of Comfort Systems USA by 1,800.0% during the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after purchasing an additional 54 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,175.25 on Tuesday. The business’s 50-day moving average is $1,019.80 and its 200 day moving average is $870.54. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,200.32. The company has a market capitalization of $41.45 billion, a P/E ratio of 49.76 and a beta of 1.67. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

FIX has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group reissued a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,064.50.

Insider Activity

In related news, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This trade represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is currently owned by insiders.

About Comfort Systems USA

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.