Wellington Management Group LLP Purchases 85,821 Shares of Comfort Systems USA, Inc. $FIX

Wellington Management Group LLP lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 447.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,995 shares of the construction company’s stock after buying an additional 85,821 shares during the quarter. Wellington Management Group LLP owned about 0.30% of Comfort Systems USA worth $208,095,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIX. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the second quarter worth about $26,000. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA in the 4th quarter valued at about $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $33,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Price Performance

FIX stock opened at $1,548.52 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99. The firm has a market cap of $54.49 billion, a P/E ratio of 38.08 and a beta of 1.69. The company’s 50-day moving average price is $1,736.85 and its two-hundred day moving average price is $1,674.09.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.53 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William George III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,778 shares of company stock worth $56,306,777 over the last three months. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.