Allspring Global Investments Holdings LLC Boosts Position in Comfort Systems USA, Inc. (NYSE:FIX)

Allspring Global Investments Holdings LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 24.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,161 shares of the construction company's stock after purchasing an additional 20,787 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.29% of Comfort Systems USA worth $21,423,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FIX. BlackRock Inc. lifted its stake in Comfort Systems USA by 2.3% in the first quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company's stock worth $878,212,000 after acquiring an additional 136,122 shares during the period. Vanguard Group Inc. lifted its stake in Comfort Systems USA by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company's stock worth $379,399,000 after acquiring an additional 39,263 shares during the period. Capital World Investors lifted its stake in Comfort Systems USA by 32.3% in the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company's stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Invesco Ltd. lifted its stake in Comfort Systems USA by 3.9% in the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company's stock worth $224,455,000 after acquiring an additional 50,001 shares during the period. Finally, State Street Corp lifted its stake in Comfort Systems USA by 1.5% in the second quarter. State Street Corp now owns 1,241,335 shares of the construction company's stock worth $203,827,000 after acquiring an additional 18,337 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.8 %

Shares of FIX traded down $2.56 during mid-day trading on Friday, hitting $307.58. 230,954 shares of the company traded hands, compared to its average volume of 318,388. Comfort Systems USA, Inc. has a 1-year low of $129.77 and a 1-year high of $335.25. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.98 billion, a PE ratio of 34.18 and a beta of 1.19. The business has a 50 day moving average of $290.74 and a 200 day moving average of $225.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.33%. Comfort Systems USA's dividend payout ratio (DPR) is presently 11.11%.

Insider Buying and Selling

In related news, CFO William George III sold 8,429 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO William George III sold 8,429 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,614 shares of company stock worth $13,739,345. 2.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. DA Davidson boosted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. KeyCorp assumed coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a "sector weight" rating for the company. Finally, UBS Group boosted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th.

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.