denkapparat Operations GmbH Acquires Shares of 938 Comfort Systems USA, Inc. $FIX

denkapparat Operations GmbH acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, HoldingsChannel reports. The fund acquired 938 shares of the construction company’s stock, valued at approximately $503,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after buying an additional 21,847 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after acquiring an additional 4,512 shares during the period. Jones Financial Companies Lllp boosted its stake in Comfort Systems USA by 2,872,410.3% during 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 grew its holdings in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after purchasing an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Comfort Systems USA by 36.4% in the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after purchasing an additional 138,541 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Price Performance

FIX stock opened at $954.05 on Wednesday. The stock has a 50-day moving average price of $842.13 and a two-hundred day moving average price of $656.34. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,020.26. The stock has a market cap of $33.65 billion, a PE ratio of 40.39 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insider Activity at Comfort Systems USA

In other news, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the sale, the director directly owned 30,574 shares in the company, valued at $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the transaction, the director owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,078 shares of company stock worth $15,242,037. 1.59% of the stock is currently owned by corporate insiders.

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.