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

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

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Comfort Systems USA by 42.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,731 shares of the construction company's stock valued at $1,582,000 after buying an additional 1,107 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Comfort Systems USA in the fourth quarter valued at about $20,544,000. Jefferies Financial Group Inc. increased its holdings in Comfort Systems USA by 11.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,602 shares of the construction company's stock valued at $679,000 after buying an additional 169 shares during the last quarter. Armis Advisers LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at about $381,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at about $1,696,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. DA Davidson boosted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

FIX stock traded down $2.53 during midday trading on Monday, reaching $475.70. The company had a trading volume of 163,410 shares, compared to its average volume of 438,183. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $395.28 and a 200 day moving average price of $417.96. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm has a market capitalization of $16.78 billion, a PE ratio of 32.57 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. Comfort Systems USA's quarterly revenue was up 19.1% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA's payout ratio is currently 10.80%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,800 shares of company stock worth $14,642,235. Company insiders own 1.59% of the company's stock.

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.