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

Wellington Management Group LLP lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 447.6% in the 2nd quarter, according to its most recent Form 13F filing 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 period. Wellington Management Group LLP’s holdings in Comfort Systems USA were worth $208,095,000 as of its most recent SEC filing.

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

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 in the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FIX. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research report on Monday, July 27th. KeyCorp raised their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Stock Up 2.0%

Shares of NYSE:FIX opened at $1,548.52 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $670.19 and a 1 year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The business’s 50-day moving average is $1,736.85 and its 200-day moving average is $1,674.09. The company has a market capitalization of $54.49 billion, a price-to-earnings ratio of 38.08 and a beta of 1.69.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 8.85%.

About Comfort Systems USA

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.