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

Biltmore Wealth Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,275 shares of the construction company’s stock, valued at approximately $230,000.

A number of other large investors have also recently bought and sold shares of the business. Intrust Bank NA purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $240,000. Wells Fargo & Company MN grew its position in shares of Comfort Systems USA by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 142,365 shares of the construction company’s stock valued at $6,215,000 after purchasing an additional 13,124 shares in the last quarter. First Trust Advisors LP grew its position in shares of Comfort Systems USA by 6.2% in the fourth quarter. First Trust Advisors LP now owns 161,908 shares of the construction company’s stock valued at $7,067,000 after purchasing an additional 9,464 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of 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 purchasing an additional 1,645 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Comfort Systems USA by 3.9% in the fourth quarter. Swiss National Bank now owns 63,600 shares of the construction company’s stock valued at $2,776,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 92.46% of the company’s stock.

In related news, VP T Mckenna Trent sold 15,179 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.85, for a total value of $635,241.15. Following the transaction, the vice president now directly owns 45,839 shares in the company, valued at $1,918,362.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $42.50, for a total value of $85,000.00. The disclosure for this sale can be found here. Insiders sold 36,568 shares of company stock worth $1,541,365 over the last quarter. 3.48% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on FIX. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson upped their price target on Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Finally, Guggenheim lowered 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, The company currently has an average rating of “Hold” and an average price target of $58.67.

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

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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.

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

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