Assenagon Asset Management S.A. Lowers Stake in Comfort Systems USA, Inc. $FIX

Assenagon Asset Management S.A. cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 70.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,043 shares of the construction company’s stock after selling 23,408 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Comfort Systems USA were worth $9,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares during the period. Focus Partners Wealth lifted its holdings in shares of Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares in the last quarter. MAI Capital Management boosted its position in Comfort Systems USA by 362.5% during the 2nd quarter. MAI Capital Management now owns 185 shares of the construction company’s stock worth $99,000 after purchasing an additional 145 shares during the period. Finally, American Century Companies Inc. boosted its position in Comfort Systems USA by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 99,035 shares of the construction company’s stock worth $53,104,000 after purchasing an additional 13,981 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the topic of several research reports. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a research report on Monday, February 23rd. Finally, DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Stock Performance

FIX stock opened at $1,367.28 on Friday. The stock’s 50 day simple moving average is $1,315.57 and its 200 day simple moving average is $1,053.39. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The firm has a market cap of $48.09 billion, a P/E ratio of 47.31 and a beta of 1.63. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $4.09 earnings per share. The firm’s revenue was up 41.7% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 6th. Comfort Systems USA’s dividend payout ratio is currently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the transaction, the senior vice president owned 2,834 shares of the company’s stock, valued at approximately $3,960,033.22. The trade was a 28.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,288 shares of company stock worth $53,677,038. Corporate insiders own 1.59% of the company’s stock.

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.