Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 93.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789 shares of the construction company’s stock after selling 10,501 shares during the period. Assenagon Asset Management S.A.’s holdings in Comfort Systems USA were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after acquiring an additional 72 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after acquiring an additional 77 shares during the period. Colonial Trust Co SC grew its holdings in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 67 shares during the period. Rothschild Investment LLC grew its holdings in Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock worth $39,000 after acquiring an additional 62 shares during the period. Finally, Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction dated 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 owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIX. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Stifel Nicolaus upped their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. DA Davidson upped their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $525.80.

Comfort Systems USA Stock Up 0.7%

Shares of NYSE:FIX opened at $498.95 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The stock’s fifty day simple moving average is $442.61 and its 200-day simple moving average is $420.29. The company has a market capitalization of $17.60 billion, a P/E ratio of 29.93 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

About Comfort Systems USA

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.