Comfort Systems USA, Inc. (NYSE:FIX) Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,290 shares of the construction company’s stock after selling 5,117 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Comfort Systems USA were worth $4,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA in the third quarter worth about $138,987,000. Millennium Management LLC grew its stake in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Jennison Associates LLC grew its stake in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after buying an additional 119,033 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $29,743,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. UBS Group boosted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target for the company. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $504.62 on Tuesday. The stock’s fifty day moving average is $463.34 and its 200-day moving average is $394.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $17.96 billion, a PE ratio of 38.61 and a beta of 1.23. Comfort Systems USA, Inc. has a 52 week low of $200.15 and a 52 week high of $510.79.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock valued at $15,431,250 over the last 90 days. 1.80% of the stock is owned by company 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.