Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 50.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,837 shares of the construction company's stock after selling 143,335 shares during the quarter. Wellington Management Group LLP owned about 0.40% of Comfort Systems USA worth $55,366,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIX. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA during the 3rd quarter worth approximately $138,987,000. Millennium Management LLC boosted its position in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after buying an additional 283,416 shares during the period. Jennison Associates LLC boosted its holdings in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock worth $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC raised its stake in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after buying an additional 119,033 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comfort Systems USA in the second quarter worth $29,743,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 0.6 %

Shares of NYSE FIX traded down $2.63 during mid-day trading on Thursday, reaching $469.63. The company had a trading volume of 133,087 shares, compared to its average volume of 377,689. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 36.13 and a beta of 1.18. The business's 50-day moving average is $441.02 and its 200-day moving average is $367.61. Comfort Systems USA, Inc. has a 52 week low of $194.30 and a 52 week high of $510.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $2.74 EPS. The business's quarterly revenue was up 31.5% on a year-over-year basis. Equities analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent analyst reports. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $493.50.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares in the company, valued at approximately $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. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

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.