Wellington Management Group LLP Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Wellington Management Group LLP decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,116 shares of the construction company's stock after selling 13,721 shares during the period. Wellington Management Group LLP owned about 0.36% of Comfort Systems USA worth $54,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. Consolidated Planning Corp grew its holdings in shares of Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after acquiring an additional 1,573 shares during the period. Diversified Trust Co purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth about $2,998,000. Zacks Investment Management lifted its position in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock worth $3,376,000 after buying an additional 1,795 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth about $39,038,000. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth about $509,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Down 3.9 %

NYSE:FIX traded down $14.07 during midday trading on Thursday, hitting $342.70. The stock had a trading volume of 101,125 shares, compared to its average volume of 432,958. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 23.57 and a beta of 1.27. The stock has a 50-day moving average of $363.00 and a 200 day moving average of $415.87. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

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Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. Comfort Systems USA's dividend payout ratio (DPR) is 10.95%.

Analyst Ratings Changes

FIX has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $530.75.

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.