Assenagon Asset Management S.A. Raises Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• Assenagon Asset Management S.A. significantly increased its holdings in Comfort Systems USA, boosting its position by 7,675.2% during the 2nd quarter, now owning approximately 0.17% of the company, valued at about $32.89 million.
• Comfort Systems USA's recent quarterly earnings reported $6.53 earnings per share, surpassing analysts' estimates of $4.84, with a 20.1% year-over-year revenue increase.
• The company has recently increased its quarterly dividend from $0.45 to $0.50, reflecting a commitment to return capital to shareholders.

Assenagon Asset Management S.A. boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7,675.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,346 shares of the construction company's stock after acquiring an additional 60,557 shares during the period. Assenagon Asset Management S.A. owned 0.17% of Comfort Systems USA worth $32,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp lifted its holdings in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after acquiring an additional 832,999 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after buying an additional 273,453 shares in the last quarter. GAMMA Investing LLC lifted its stake in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after acquiring an additional 253,677 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Comfort Systems USA by 299.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after acquiring an additional 239,692 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Comfort Systems USA during the 1st quarter valued at about $74,634,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This trade represents a 5.05% 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 valued at $18,710,798. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 2.9%

Comfort Systems USA stock traded up $23.28 on Monday, hitting $820.99. 424,565 shares of the stock traded hands, compared to its average volume of 392,368. 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 firm has a market cap of $28.96 billion, a P/E ratio of 42.19 and a beta of 1.54. The business's fifty day simple moving average is $689.37 and its 200 day simple moving average is $519.66. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $824.29.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business earned $3.74 earnings per share. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Analysts Set New Price Targets

FIX has been the topic of several research reports. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. UBS Group raised their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $668.60.

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.