Comfort Systems USA, Inc. $FIX Stock Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 69.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,685 shares of the construction company's stock after acquiring an additional 21,672 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.15% of Comfort Systems USA worth $87,146,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FIX. Signature Equity Partners LLC grew its position in shares of Comfort Systems USA by 16.7% in the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after purchasing an additional 5 shares during the period. Capital Advisors Inc. OK grew its stake in Comfort Systems USA by 1.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock valued at $636,000 after acquiring an additional 6 shares in the last quarter. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 3.4% in the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company's stock valued at $303,000 after acquiring an additional 6 shares during the last quarter. LifeGoal Investments LLC raised its holdings in Comfort Systems USA by 1.9% in the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company's stock valued at $519,000 after acquiring an additional 6 shares during the last quarter. Finally, Coston McIsaac & Partners raised its holdings in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Lane sold 16,024 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company's stock.

Analyst Ratings Changes

FIX has been the topic of a number of research reports. DA Davidson began coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They issued a "buy" rating and a $2,100.00 target price on the stock. UBS Group reaffirmed a "buy" rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA and gave the stock a "buy" rating in a research report on Monday, July 27th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price for the company. Finally, Erste Group Bank downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,085.00.

Comfort Systems USA Stock Down 3.0%

Comfort Systems USA stock opened at $1,436.98 on Friday. The company has a market capitalization of $50.57 billion, a PE ratio of 36.43 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99. The firm has a 50 day moving average price of $1,643.03 and a 200 day moving average price of $1,728.83.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS 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 business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business posted $6.53 earnings per share. The company's quarterly revenue was up 50.3% on a year-over-year basis. Research analysts expect that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is currently 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc NYSE: FIX provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company's services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

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