OLD National Bancorp IN Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

OLD National Bancorp IN decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 3.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 776 shares of the construction company’s stock after selling 31 shares during the period. OLD National Bancorp IN’s holdings in Comfort Systems USA were worth $303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares in the last quarter. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares during the period. Westfield Capital Management Co. LP boosted its position in Comfort Systems USA by 56.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after acquiring an additional 240,466 shares in the last quarter. Blackstone Inc. purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at $41,302,000. Finally, Swedbank AB bought a new position in shares of Comfort Systems USA in the 1st quarter worth $31,771,000. Institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $412.13 on Thursday. The company has a 50 day moving average of $368.92 and a two-hundred day moving average of $334.40. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 40.80 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $424.63.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business earned $1.93 EPS. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. As a group, analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.