Allianz Asset Management GmbH Grows Stake in Comfort Systems USA, Inc. $FIX

Allianz Asset Management GmbH increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.0% in the 4th quarter, HoldingsChannel reports. The fund owned 90,856 shares of the construction company’s stock after acquiring an additional 13,183 shares during the period. Allianz Asset Management GmbH’s holdings in Comfort Systems USA were worth $84,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential PLC purchased a new position in Comfort Systems USA during the 4th quarter worth $6,922,000. Ethic Inc. grew its position in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after purchasing an additional 748 shares during the last quarter. BNP Paribas Financial Markets grew its position in Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after purchasing an additional 39,888 shares during the last quarter. Spire Wealth Management grew its position in Comfort Systems USA by 658.1% during the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after purchasing an additional 4,679 shares during the last quarter. Finally, Moran Wealth Management LLC grew its position in Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after purchasing an additional 7,192 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 6.4%

Shares of Comfort Systems USA stock opened at $1,713.52 on Thursday. Comfort Systems USA, Inc. has a 52-week low of $486.73 and a 52-week high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $1,763.06 and its 200-day simple moving average is $1,376.26. The firm has a market cap of $60.32 billion, a price-to-earnings ratio of 49.44 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the business posted $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is presently 9.23%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. UBS Group raised their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Finally, Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $1,991.50.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is owned by company insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.