Jennison Associates LLC Grows Position in Comfort Systems USA, Inc. (NYSE:FIX)

Jennison Associates LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6,071.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,570 shares of the construction company's stock after purchasing an additional 173,709 shares during the quarter. Jennison Associates LLC owned about 0.50% of Comfort Systems USA worth $68,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co grew its stake in shares of Comfort Systems USA by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company's stock valued at $7,594,000 after buying an additional 3,059 shares during the period. Shell Asset Management Co. grew its stake in Comfort Systems USA by 36.9% in the first quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company's stock valued at $502,000 after acquiring an additional 426 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $1,044,000. Axxcess Wealth Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth approximately $206,000. Finally, Capital World Investors raised its position in shares of Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock worth $684,254,000 after purchasing an additional 451,852 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

FIX opened at $484.61 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $484.61. The firm has a 50-day moving average of $407.56 and a 200 day moving average of $351.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $17.25 billion, a P/E ratio of 36.46 and a beta of 1.13.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.29%. 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%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIX. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 target price on the stock. Finally, UBS Group upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $396.00 to $525.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $466.33.

Insider Buying and Selling

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares of the company's stock, valued at $41,553,389.64. The trade was a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is owned by insiders.

Comfort Systems USA Company Profile

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.