Deutsche Bank AG Has $20.82 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Deutsche Bank AG lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 32.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,103 shares of the construction company’s stock after buying an additional 12,060 shares during the period. Deutsche Bank AG’s holdings in Comfort Systems USA were worth $20,823,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the period. FMR LLC lifted its holdings in shares of Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock valued at $326,409,000 after purchasing an additional 21,406 shares during the period. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Finally, Federated Hermes Inc. raised its holdings in Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock worth $198,391,000 after buying an additional 51,771 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $465.85 on Thursday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 31.89 and a beta of 1.48. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The firm has a fifty day simple moving average of $364.89 and a 200 day simple moving average of $413.90. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.39%. Comfort Systems USA’s dividend payout ratio is 10.80%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIX shares. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, DA Davidson boosted their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $517.60.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the sale, the chief financial officer now owns 47,473 shares of the company’s stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. 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 firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock worth $14,642,235 over the last ninety days. 1.59% of the stock is currently owned by corporate 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.