Allianz Asset Management GmbH Has $50.35 Million Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Allianz Asset Management GmbH has increased its stake in Comfort Systems USA by 2.4%, owning approximately $50.35 million worth of shares.
• Institutional investors collectively own about 96.51% of Comfort Systems USA, indicating strong institutional interest in the company.
• Analysts have a consensus rating of Moderate Buy for Comfort Systems USA, with six analysts rating it a "buy" and an average price target of $735.80.

Allianz Asset Management GmbH lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,895 shares of the construction company's stock after buying an additional 2,230 shares during the period. Allianz Asset Management GmbH owned about 0.27% of Comfort Systems USA worth $50,347,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after buying an additional 296 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after buying an additional 3,644 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the second quarter worth $27,000. Spire Wealth Management grew its stake in shares of Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its stake in shares of Comfort Systems USA by 314.1% in the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company's stock worth $2,078,000 after purchasing an additional 2,940 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, DA Davidson upped their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $735.80.

Comfort Systems USA Stock Performance

Shares of FIX opened at $827.02 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58. The firm's fifty day simple moving average is $761.23 and its two-hundred day simple moving average is $580.14. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at $15,507,156.57. This represents a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director directly owned 6,500 shares in the company, valued at $4,523,220. This trade represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Company 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.

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