Wellington Management Group LLP Acquires New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Wellington Management Group LLP acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to its most recent filing with the SEC. The fund acquired 7,906 shares of the construction company’s stock, valued at approximately $289,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in Comfort Systems USA by 1.0% in the 1st quarter. Legal & General Group Plc now owns 107,174 shares of the construction company’s stock valued at $3,918,000 after buying an additional 1,043 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at $8,935,000. Deutsche Bank AG grew its position in shares of Comfort Systems USA by 535.3% during the 1st quarter. Deutsche Bank AG now owns 275,236 shares of the construction company’s stock valued at $10,060,000 after purchasing an additional 231,915 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Comfort Systems USA by 18.9% during the 1st quarter. Nuveen Asset Management LLC now owns 844,080 shares of the construction company’s stock valued at $30,851,000 after purchasing an additional 134,054 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at $280,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

In related news, Chairman Franklin Myers purchased 3,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $29.75 per share, for a total transaction of $104,125.00. Also, Director Vance W. Tang purchased 10,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $31.94 per share, for a total transaction of $319,400.00. Following the transaction, the director now directly owns 30,871 shares of the company’s stock, valued at $986,019.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 14,115 shares of company stock valued at $444,269. Insiders own 3.23% of the company’s stock.

Comfort Systems USA stock opened at $40.02 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.39 billion, a PE ratio of 13.21 and a beta of 1.06. The firm has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $41.08. Comfort Systems USA, Inc. has a twelve month low of $27.54 and a twelve month high of $53.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, April 27th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The business had revenue of $700.10 million during the quarter, compared to the consensus estimate of $645.63 million. Comfort Systems USA had a net margin of 4.04% and a return on equity of 19.26%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 2.36 earnings per share for the current fiscal year.

A number of research firms have recently commented on FIX. DA Davidson restated a “neutral” rating and set a $32.00 price target (down from $56.00) on shares of Comfort Systems USA in a research report on Wednesday, April 29th. Zacks Investment Research lowered shares of Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Monday, May 4th. TheStreet upgraded shares of Comfort Systems USA from a “c” rating to a “b-” rating in a research report on Wednesday, June 24th. ValuEngine raised shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Sidoti lifted their price objective on shares of Comfort Systems USA from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Comfort Systems USA presently has a consensus rating of “Hold” and a consensus price target of $43.33.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.

Further Reading: Mutual Funds

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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