Comfort Systems USA, Inc. $FIX Shares Bought by WCM Investment Management LLC

Key Points

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WCM Investment Management LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,592 shares of the construction company's stock after acquiring an additional 3,009 shares during the period. WCM Investment Management LLC owned approximately 0.14% of Comfort Systems USA worth $26,532,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Allianz Asset Management GmbH raised its stake in shares of Comfort Systems USA by 2.4% in the second quarter. Allianz Asset Management GmbH now owns 93,895 shares of the construction company's stock valued at $50,347,000 after acquiring an additional 2,230 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Comfort Systems USA by 14.8% in the second quarter. Bridges Investment Management Inc. now owns 8,227 shares of the construction company's stock valued at $4,411,000 after acquiring an additional 1,058 shares in the last quarter. Morris Financial Concepts Inc. acquired a new stake in shares of Comfort Systems USA in the second quarter valued at $231,000. Ritholtz Wealth Management raised its stake in shares of Comfort Systems USA by 0.9% in the second quarter. Ritholtz Wealth Management now owns 4,470 shares of the construction company's stock valued at $2,397,000 after acquiring an additional 40 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Comfort Systems USA in the second quarter valued at $258,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIX has been the topic of several analyst reports. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. UBS Group increased their target price on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a report on Monday, September 15th. Stifel Nicolaus increased their target price on Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a report on Monday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $735.80.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 0.4%

Shares of NYSE:FIX opened at $835.47 on Thursday. The company has a market capitalization of $29.48 billion, a PE ratio of 42.93 and a beta of 1.58. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $861.77. The firm has a 50 day simple moving average of $755.69 and a 200-day simple moving average of $573.16.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is 10.28%.

Comfort Systems USA 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.

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