Wells Fargo & Company MN Sells 232,725 Shares of Comfort Systems USA, Inc. (FIX)

Wells Fargo & Company MN decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 64.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,241 shares of the construction company’s stock after selling 232,725 shares during the period. Wells Fargo & Company MN owned 0.35% of Comfort Systems USA worth $4,614,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after buying an additional 173 shares in the last quarter. Riverhead Capital Management LLC increased its position in Comfort Systems USA by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after buying an additional 1,363 shares in the last quarter. Advisor Group Inc. increased its position in Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after buying an additional 706 shares in the last quarter. Victory Capital Management Inc. increased its position in Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after buying an additional 542 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Comfort Systems USA during the second quarter worth $221,000. 92.22% of the stock is owned by institutional investors.

In other news, insider Brian E. Lane sold 19,389 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $42.35, for a total transaction of $821,124.15. Following the sale, the insider now owns 203,021 shares in the company, valued at $8,597,939.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total value of $86,480.00. The disclosure for this sale can be found here. Insiders have sold 70,473 shares of company stock worth $2,986,454 in the last 90 days. Insiders own 3.48% of the company’s stock.

Shares of Comfort Systems USA, Inc. (NYSE FIX) opened at $42.25 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $31.90 and a fifty-two week high of $44.80. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1,596.77, a price-to-earnings ratio of 24.56, a PEG ratio of 2.00 and a beta of 1.28.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The business had revenue of $480.85 million for the quarter, compared to analysts’ expectations of $469.53 million. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. research analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Guggenheim downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, December 27th. DA Davidson raised their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Gilford Securities downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.67.

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Comfort Systems USA Company 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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