Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 48.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,808 shares of the construction company’s stock after buying an additional 1,568 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Comfort Systems USA were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FIX. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $217,771,000. Norges Bank acquired a new stake in Comfort Systems USA in the fourth quarter valued at $196,154,000. JPMorgan Chase & Co. increased its position in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after buying an additional 250,085 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after buying an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its position in shares of Comfort Systems USA by 307.2% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company’s stock worth $87,239,000 after buying an additional 155,204 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIX. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $517.60.

Comfort Systems USA Stock Performance

Shares of FIX opened at $435.86 on Friday. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 29.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company’s 50 day simple moving average is $357.21 and its 200 day simple moving average is $412.61.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.41%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $2,109,156. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director now owns 7,236 shares in the company, valued at approximately $3,155,619.60. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,300 shares of company stock worth $8,765,860 in the last three months. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA 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.