B. Metzler seel. Sohn & Co. AG Raises Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• B. Metzler seel. Sohn & Co. AG increased its Comfort Systems USA stake by 65.1% in the second quarter, owning 6,561 shares valued at approximately $13.0 million. Institutional investors collectively hold 96.51% of the company.
• Comfort Systems USA reported quarterly earnings of $12.53 per share, exceeding estimates of $10.45, while revenue rose 50.3% year over year to $3.27 billion. Analysts maintain a consensus “Buy” rating with an average price target of $2,082.86.
• The company raised its quarterly dividend from $0.80 to $0.90 per share, although insiders sold 32,778 shares worth $56.3 million over the past quarter.

B. Metzler seel. Sohn & Co. AG lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 65.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,561 shares of the construction company's stock after purchasing an additional 2,588 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Comfort Systems USA were worth $13,004,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIX. Jones Financial Companies Lllp bought a new stake in Comfort Systems USA in the second quarter worth $26,000. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at $28,000. Avalon Trust Co bought a new position in Comfort Systems USA during the second quarter valued at $32,000. Field & Main Bank bought a new position in Comfort Systems USA during the second quarter valued at $32,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter worth $33,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIX. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an "outperform" rating and a $2,200.00 price target for the company. DA Davidson assumed coverage on Comfort Systems USA in a research report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price target for the company. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Erste Group Bank downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $2,082.86.

Comfort Systems USA Stock Up 0.4%

Shares of NYSE:FIX opened at $1,559.83 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $682.00 and a 1 year high of $2,073.99. The business has a 50 day simple moving average of $1,721.97 and a two-hundred day simple moving average of $1,677.44. The firm has a market capitalization of $54.89 billion, a PE ratio of 38.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $6.53 earnings per share. The company's revenue for the quarter was up 50.3% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's payout ratio is 8.85%.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers sold 4,000 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company's stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,778 shares of company stock worth $56,306,777 over the last quarter. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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