Allianz Asset Management GmbH Sells 315 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Allianz Asset Management GmbH lowered its position in Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,553 shares of the construction company’s stock after selling 315 shares during the quarter. Allianz Asset Management GmbH’s holdings in Comfort Systems USA were worth $3,404,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIX. Baillie Gifford & Co. bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $202,433,000. Westfield Capital Management Co. LP bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $87,733,000. Norges Bank bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $81,299,000. FMR LLC lifted its position in shares of Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after acquiring an additional 216,200 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Comfort Systems USA by 30.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock worth $81,244,000 after acquiring an additional 112,185 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now owns 11,173 shares in the company, valued at approximately $3,832,339. The disclosure for this sale can be found here. Insiders have sold a total of 7,488 shares of company stock worth $2,445,914 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Down 4.6 %

Shares of Comfort Systems USA stock opened at $305.00 on Friday. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $352.45. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.90 billion, a PE ratio of 30.20 and a beta of 1.16. The business has a fifty day simple moving average of $319.09 and a 200 day simple moving average of $265.03.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. The company’s revenue was up 30.8% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is 11.88%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson increased their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, UBS Group increased their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th.

View Our Latest Stock Report on FIX

Comfort Systems USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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