In its most recent 13F filing, Asset Management One Co. Ltd. reduced its stake in Comfort Systems USA by 32.6% during the third quarter. The firm sold 6,592 shares, bringing its total holding to 13,611 shares. At the end of the period, the remaining position was valued at approximately $11.2 million.

Several large institutional investors made notable moves in the second quarter. Norges Bank initiated a new position valued at roughly $257.0 million. AQR Capital Management increased its stake by 47.5%, adding 252,007 shares for a total investment of about $419.0 million. Artisan Partners and Third Point each established new positions worth approximately $114.6 million and $99.2 million, respectively, while Symphony Financial initiated a stake of about $87.7 million. Collectively, institutional investors and hedge funds now own 96.51% of the company’s shares.

Analyst sentiment has shifted in recent months. Zacks Research downgraded the stock from strong-buy to hold, while Wall Street Zen lowered its thesis from strong-buy to buy. DA Davidson and Weiss Ratings both maintained positive outlooks, affirming buy recommendations, and UBS Group reaffirmed its buy view in late October. Overall, the consensus rating among eight analysts stands at Moderate Buy.

Company directors have been net sellers over the past quarter. Director Herman E. Bulls sold 2,000 shares, reducing his holding by just over 6%, and Director Darcy Anderson sold 4,000 shares, a 15% reduction in her position. In total, insiders offloaded 26,028 shares valued at more than $25 million, representing 1.59% of the company’s outstanding stock.