Allspring Global Investments Holdings LLC Has $178.55 Million Holdings in Comfort Systems USA, Inc. $FIX

Allspring Global Investments Holdings LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 91.2% during the first quarter, HoldingsChannel.com reports. The firm owned 124,989 shares of the construction company’s stock after purchasing an additional 59,623 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Comfort Systems USA were worth $178,549,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Comfort Systems USA in the 1st quarter valued at $32,905,000. Westover Capital Advisors LLC boosted its position in Comfort Systems USA by 5.8% during the first quarter. Westover Capital Advisors LLC now owns 584 shares of the construction company’s stock valued at $805,000 after purchasing an additional 32 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Comfort Systems USA by 825.1% in the first quarter. Wealthfront Advisers LLC now owns 2,766 shares of the construction company’s stock valued at $3,814,000 after purchasing an additional 2,467 shares in the last quarter. Twin Capital Management Inc. acquired a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $251,000. Finally, Marks Group Wealth Management Inc raised its stake in shares of Comfort Systems USA by 3.6% during the 1st quarter. Marks Group Wealth Management Inc now owns 374 shares of the construction company’s stock worth $516,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Glj Research assumed coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research report on Friday, April 24th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $2,015.43.

Comfort Systems USA Stock Down 3.2%

FIX stock opened at $1,681.50 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $513.99 and a fifty-two week 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 stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 48.51 and a beta of 1.66. The business’s fifty day moving average price is $1,867.00 and its two-hundred day moving average price is $1,539.29.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results 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 business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA 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.