Commerzbank Aktiengesellschaft FI Takes $2.63 Million Position in Comfort Systems USA, Inc. $FIX

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,329 shares of the construction company’s stock, valued at approximately $2,634,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIX. Signature Equity Partners LLC lifted its position in Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after acquiring an additional 5 shares in the last quarter. Coston McIsaac & Partners increased its holdings in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after purchasing an additional 7 shares in the last quarter. Petra Financial Advisors Inc. increased its holdings in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after purchasing an additional 7 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Comfort Systems USA by 1.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 6.0%

Comfort Systems USA stock opened at $1,879.96 on Tuesday. The firm has a 50-day moving average of $1,793.64 and a 200-day moving average of $1,643.63. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market cap of $66.16 billion, a price-to-earnings ratio of 46.24 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.53 EPS. On average, equities analysts expect that Comfort Systems USA, Inc. will post 46.77 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 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. 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%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% 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 Franklin Myers sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,542 shares of company stock valued at $26,437,101. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. UBS Group upped their price target on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $2,057.86.

About Comfort Systems USA

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.