TimesSquare Capital Management LLC Invests $14.12 Million in Comfort Systems USA, Inc. (NYSE:FIX)

TimesSquare Capital Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,670 shares of the construction company’s stock, valued at approximately $14,123,000. TimesSquare Capital Management LLC owned approximately 0.19% of Comfort Systems USA as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Baillie Gifford & Co. bought a new position in Comfort Systems USA during the 3rd quarter worth approximately $202,433,000. FMR LLC increased its stake in Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after buying an additional 216,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Comfort Systems USA by 30.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after purchasing an additional 112,185 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Comfort Systems USA in the third quarter worth about $11,729,000. Finally, 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 valued at $224,455,000 after purchasing an additional 50,001 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on FIX shares. UBS Group upped their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. DA Davidson lifted 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. Finally, StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday.

Comfort Systems USA Stock Performance

NYSE FIX traded up $5.22 during mid-day trading on Friday, reaching $352.13. 9,605 shares of the stock were exchanged, compared to its average volume of 356,316. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. Comfort Systems USA, Inc. has a 1 year low of $144.45 and a 1 year high of $352.45. The business’s 50 day moving average is $312.83 and its 200-day moving average is $244.61. The company has a market capitalization of $12.58 billion, a P/E ratio of 34.35 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio (DPR) is currently 11.88%.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Insiders sold 50,114 shares of company stock worth $14,946,495 over the last 90 days. 1.80% of the stock is owned by insiders.

About Comfort Systems USA

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.