Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Comfort Systems USA, Inc. $FIX

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,645 shares of the construction company’s stock after selling 4,933 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Comfort Systems USA worth $19,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIX. Integrated Quantitative Investments LLC bought a new position in Comfort Systems USA in the 2nd quarter worth about $1,117,000. Waratah Capital Advisors Ltd. lifted its stake in shares of Comfort Systems USA by 920.4% in the second quarter. Waratah Capital Advisors Ltd. now owns 44,203 shares of the construction company’s stock worth $23,702,000 after buying an additional 39,871 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Comfort Systems USA by 22.0% during the second quarter. Kingsview Wealth Management LLC now owns 1,355 shares of the construction company’s stock valued at $727,000 after buying an additional 244 shares during the last quarter. Hedeker Wealth LLC bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $3,890,000. Finally, Cetera Investment Advisers raised its holdings in Comfort Systems USA by 37.4% in the 2nd quarter. Cetera Investment Advisers now owns 14,808 shares of the construction company’s stock worth $7,940,000 after acquiring an additional 4,028 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several recent analyst reports. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. UBS Group upped their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a report on Friday, October 24th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and an average target price of $819.20.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the completion of the transaction, the director owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 0.0%

FIX stock opened at $919.94 on Wednesday. The company has a market cap of $32.45 billion, a price-to-earnings ratio of 38.95 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The business’s 50-day moving average is $863.37 and its two-hundred day moving average is $674.50. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26.

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

Comfort Systems USA Increases Dividend

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

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.