B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Comfort Systems USA, Inc. (NYSE:FIX)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,528 shares of the construction company's stock, valued at approximately $4,110,000.

Several other institutional investors have also recently made changes to their positions in the stock. Capital World Investors raised its stake in shares of Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after purchasing an additional 451,852 shares during the period. Federated Hermes Inc. grew its stake in Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after acquiring an additional 8,578 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA during the 3rd quarter worth approximately $138,987,000. Millennium Management LLC lifted its stake in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in Comfort Systems USA by 5.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock valued at $46,440,000 after purchasing an additional 8,363 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The trade was a 8.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company's stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of several research analyst reports. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price target on the stock. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Finally, UBS Group upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and upped their price target for the company from $396.00 to $525.00 in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $466.33.

Comfort Systems USA Price Performance

FIX stock opened at $476.49 on Thursday. The firm has a 50-day moving average of $404.71 and a 200 day moving average of $350.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $16.96 billion, a P/E ratio of 36.46 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $481.80.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. The firm's quarterly revenue was up 31.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

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.