Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 73.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 91,665 shares of the construction company's stock after acquiring an additional 38,940 shares during the quarter. Allianz Asset Management GmbH owned about 0.26% of Comfort Systems USA worth $29,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tradewinds Capital Management LLC increased its position in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Colonial Trust Co SC boosted its stake in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the period. Finally, Rothschild Investment LLC grew its holdings in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer owned 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 over the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 22.5%

Shares of FIX stock traded up $126.61 during mid-day trading on Friday, hitting $689.44. The stock had a trading volume of 1,254,076 shares, compared to its average volume of 314,589. The firm has a market capitalization of $24.32 billion, a P/E ratio of 35.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. Comfort Systems USA, Inc. has a 12-month low of $272.92 and a 12-month high of $699.39. The firm's 50-day moving average is $514.64 and its two-hundred day moving average is $435.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 40.97%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm posted $3.74 EPS. The company's revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

Analyst Ratings Changes

FIX has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, DA Davidson lifted their target price on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and a consensus target price of $599.60.

Comfort Systems USA Profile

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.