Allianz Asset Management GmbH Has $50.35 Million Holdings in Comfort Systems USA, Inc. $FIX

Allianz Asset Management GmbH increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.4% during the second quarter, HoldingsChannel reports. The fund owned 93,895 shares of the construction company’s stock after acquiring an additional 2,230 shares during the quarter. Allianz Asset Management GmbH’s holdings in Comfort Systems USA were worth $50,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Jones Financial Companies Lllp raised its holdings in shares of Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Comfort Systems USA by 299.2% in 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 during the last quarter. Nuveen LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter worth about $74,634,000. Finally, Millennium Management LLC raised its holdings in shares of Comfort Systems USA by 91.0% in the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock worth $102,453,000 after acquiring an additional 151,447 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. UBS Group increased their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $735.80.

Insider Activity

In other news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction 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 $130,078,940.04. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Down 1.4%

Comfort Systems USA stock opened at $827.02 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $861.77. The firm has a 50 day moving average price of $761.23 and a 200-day moving average price of $580.14. The company has a market capitalization of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $713.90 million during the quarter. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s payout ratio is currently 10.28%.

About Comfort Systems USA

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.