Deutsche Bank AG Buys 12,060 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Deutsche Bank AG boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,103 shares of the construction company’s stock after acquiring an additional 12,060 shares during the period. Deutsche Bank AG owned approximately 0.14% of Comfort Systems USA worth $20,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 1.8% during 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 purchasing an additional 67,240 shares in the last quarter. FMR LLC lifted its position 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 worth $719,645,000 after buying an additional 148,493 shares during the period. Geode Capital Management LLC boosted its stake in 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 buying an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at $217,771,000. Finally, Federated Hermes Inc. raised its stake in Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock worth $198,391,000 after acquiring an additional 51,771 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CFO William George III sold 12,500 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 47,473 shares of the company’s stock, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. This represents a 9.09% decrease in their position. 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 three months. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $465.85 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $364.89 and its 200-day moving average is $413.90. The firm 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 (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the company earned $2.69 EPS. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA 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.