Allianz Asset Management GmbH lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 846,371 shares of the construction company’s stock after selling 305,771 shares during the period. Allianz Asset Management GmbH owned 2.28% of Comfort Systems USA worth $30,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of Comfort Systems USA by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock valued at $49,450,000 after purchasing an additional 127,761 shares during the last quarter. FMR LLC lifted its holdings in shares of Comfort Systems USA by 2,421.9% in the 2nd quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock valued at $37,331,000 after acquiring an additional 966,323 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of Comfort Systems USA by 15.6% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock valued at $35,870,000 after acquiring an additional 135,950 shares during the last quarter. State Street Corp lifted its holdings in shares of Comfort Systems USA by 4.4% in the 2nd quarter. State Street Corp now owns 930,260 shares of the construction company’s stock valued at $34,517,000 after acquiring an additional 39,200 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Comfort Systems USA by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 868,092 shares of the construction company’s stock valued at $32,206,000 after acquiring an additional 90,592 shares during the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA, Inc. (FIX) opened at $43.30 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30. Comfort Systems USA, Inc. has a 1-year low of $31.90 and a 1-year high of $44.67. The company has a market cap of $1,607.90, a PE ratio of 25.17, a P/E/G ratio of 2.43 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The firm had revenue of $480.85 million during the quarter, compared to the consensus estimate of $469.53 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. research analysts expect that Comfort Systems USA, Inc. will post 1.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, November 9th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 17.44%.

In related news, insider Brian E. Lane sold 19,389 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $42.35, for a total value of $821,124.15. Following the sale, the insider now directly owns 203,021 shares of the company’s stock, valued at approximately $8,597,939.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP T Mckenna Trent sold 15,179 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $41.85, for a total transaction of $635,241.15. Following the completion of the sale, the vice president now directly owns 45,839 shares in the company, valued at $1,918,362.15. The disclosure for this sale can be found here. Insiders sold a total of 70,473 shares of company stock worth $2,986,454 over the last three months. 3.48% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on FIX shares. DA Davidson increased their price target on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Guggenheim downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Finally, Gilford Securities downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $63.00.

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Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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