Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,103 shares of the construction company's stock after purchasing an additional 12,060 shares during the quarter. Deutsche Bank AG owned about 0.14% of Comfort Systems USA worth $20,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. Norges Bank purchased a new position in Comfort Systems USA during the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. raised its position in Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares during the last quarter. Voya Investment Management LLC raised its position in Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its position in Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after buying an additional 155,204 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 in the last 90 days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $9.53 during midday trading on Friday, reaching $472.90. 316,389 shares of the stock were exchanged, compared to its average volume of 439,831. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm has a 50-day simple moving average of $370.85 and a two-hundred day simple moving average of $415.12. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 EPS. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Analysts Set New Price Targets

A number of research firms have issued reports on FIX. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Stifel Nicolaus reduced their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $517.60.

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.