WCM Investment Management LLC Boosts Stake in Comfort Systems USA, Inc. $FIX

WCM Investment Management LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 24.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,698 shares of the construction company’s stock after purchasing an additional 22,992 shares during the quarter. WCM Investment Management LLC’s holdings in Comfort Systems USA were worth $148,578,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Comfort Systems USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company’s stock worth $385,800,000 after buying an additional 14,423 shares during the last quarter. NWK Group Inc. lifted its stake in Comfort Systems USA by 211.0% in the first quarter. NWK Group Inc. now owns 5,480 shares of the construction company’s stock valued at $7,557,000 after buying an additional 3,718 shares during the last quarter. Parallel Advisors LLC lifted its stake in Comfort Systems USA by 17.3% in the first quarter. Parallel Advisors LLC now owns 663 shares of the construction company’s stock valued at $914,000 after buying an additional 98 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $22,724,000. Finally, Vision Retirement LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $530,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,778 shares of company stock valued at $59,746,124. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research report on Friday, April 24th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,015.43.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,667.28 on Monday. The firm’s fifty day moving average price is $1,861.34 and its 200 day moving average price is $1,544.34. Comfort Systems USA, Inc. has a 1-year low of $513.99 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The firm has a market cap of $58.69 billion, a price-to-earnings ratio of 48.10 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.