Baader Bank Aktiengesellschaft Invests $1.91 Million in Comfort Systems USA, Inc. $FIX

Baader Bank Aktiengesellschaft bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,407 shares of the construction company’s stock, valued at approximately $1,914,000.

Other institutional investors also recently bought and sold shares of the company. Prudential PLC acquired a new position in shares of Comfort Systems USA during the 4th quarter valued at about $6,922,000. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% during the fourth 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 period. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the last quarter. Spire Wealth Management boosted its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after purchasing an additional 4,679 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 4,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the sale, the chief financial officer directly owned 33,804 shares in the company, valued at $65,855,938.68. This represents a 10.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,778 shares of company stock worth $59,746,124 in the last quarter. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. UBS Group upped their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,015.43.

Comfort Systems USA Stock Up 2.3%

Comfort Systems USA stock opened at $1,712.83 on Tuesday. Comfort Systems USA, Inc. has a fifty-two week low of $513.99 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a 50 day moving average price of $1,855.02 and a 200 day moving average price of $1,549.75. The company has a market capitalization of $60.29 billion, a PE ratio of 49.42 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company Profile

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.