Sei Investments Co. Sells 1,868 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Sei Investments Co. lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,558 shares of the construction company’s stock after selling 1,868 shares during the quarter. Sei Investments Co.’s holdings in Comfort Systems USA were worth $803,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Comfort Systems USA by 515.8% in the third quarter. Cubist Systematic Strategies LLC now owns 52,624 shares of the construction company’s stock worth $2,711,000 after acquiring an additional 44,078 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Comfort Systems USA by 26.2% in the 2nd quarter. Glenmede Trust Co. NA now owns 5,425 shares of the construction company’s stock valued at $221,000 after buying an additional 1,126 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Comfort Systems USA by 3.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 71,374 shares of the construction company’s stock valued at $2,908,000 after buying an additional 2,185 shares during the last quarter. Morgan Stanley raised its holdings in Comfort Systems USA by 9.8% in the 3rd quarter. Morgan Stanley now owns 185,358 shares of the construction company’s stock valued at $9,549,000 after buying an additional 16,588 shares during the last quarter. Finally, Third Avenue Management LLC raised its holdings in Comfort Systems USA by 6.9% in the 2nd quarter. Third Avenue Management LLC now owns 143,925 shares of the construction company’s stock valued at $5,865,000 after buying an additional 9,296 shares during the last quarter. 86.40% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Brian E. Lane sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $49.74, for a total transaction of $994,800.00. Following the completion of the sale, the insider now owns 267,491 shares of the company’s stock, valued at approximately $13,305,002.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.23% of the company’s stock.

Comfort Systems USA stock opened at $52.66 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $27.54 and a 52-week high of $58.14. The firm has a 50 day moving average price of $51.61 and a two-hundred day moving average price of $48.96. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 13.71 and a beta of 1.07.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Saturday, October 31st. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.16. The firm had revenue of $714.10 million during the quarter, compared to analyst estimates of $774.80 million. Comfort Systems USA had a net margin of 4.91% and a return on equity of 21.36%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 3.52 EPS for the current fiscal year.

A number of brokerages recently issued reports on FIX. BidaskClub upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, December 17th. ValuEngine lowered shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Finally, Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Comfort Systems USA currently has an average rating of “Hold” and an average price target of $45.00.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

Read More: Capital Gains Distribution

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

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