Renaissance Group LLC Has $46.85 Million Position in Comfort Systems USA, Inc. $FIX

Renaissance Group LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,380 shares of the construction company’s stock after buying an additional 5,775 shares during the period. Comfort Systems USA comprises 1.8% of Renaissance Group LLC’s holdings, making the stock its 4th largest holding. Renaissance Group LLC owned approximately 0.25% of Comfort Systems USA worth $46,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Kingsview Wealth Management LLC raised its position in Comfort Systems USA by 76.1% during the first quarter. Kingsview Wealth Management LLC now owns 1,111 shares of the construction company’s stock valued at $358,000 after purchasing an additional 480 shares during the period. Private Advisor Group LLC increased its position in shares of Comfort Systems USA by 47.3% during the 1st quarter. Private Advisor Group LLC now owns 866 shares of the construction company’s stock valued at $279,000 after purchasing an additional 278 shares during the last quarter. IFP Advisors Inc raised its holdings in Comfort Systems USA by 157.1% during the 1st quarter. IFP Advisors Inc now owns 437 shares of the construction company’s stock valued at $141,000 after buying an additional 267 shares during the period. Gallacher Capital Management LLC lifted its position in Comfort Systems USA by 33.1% in the first quarter. Gallacher Capital Management LLC now owns 1,138 shares of the construction company’s stock worth $367,000 after buying an additional 283 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Comfort Systems USA by 73.9% during the first quarter. Allianz Asset Management GmbH now owns 91,665 shares of the construction company’s stock valued at $29,546,000 after acquiring an additional 38,940 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FIX shares. Stifel Nicolaus set a $1,069.00 target price on shares of 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. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. UBS Group upped their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Trading Up 0.0%

FIX opened at $919.94 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $863.37 and its two-hundred day moving average is $674.50. The company has a market capitalization of $32.45 billion, a P/E ratio of 38.95 and a beta of 1.55. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business 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%. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current 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 issued a $0.60 dividend. The ex-dividend date 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 presently 10.16%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director owned 11,666 shares of the company’s stock, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the transaction, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,078 shares of company stock worth $15,242,037. Insiders own 1.59% of the company’s stock.

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.