Westfield Capital Management Co. LP Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Westfield Capital Management Co. LP purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 426,570 shares of the construction company’s stock, valued at approximately $87,733,000. Westfield Capital Management Co. LP owned 1.19% of Comfort Systems USA as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in Comfort Systems USA by 3.9% during the 3rd 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. Baillie Gifford & Co. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at $202,433,000. FMR LLC lifted its holdings in shares of Comfort Systems USA by 61.0% in the third 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 period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comfort Systems USA by 30.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after buying an additional 112,185 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Comfort Systems USA by 2.3% in the third quarter. Federated Hermes Inc. now owns 425,840 shares of the construction company’s stock valued at $72,567,000 after buying an additional 9,634 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 3.5 %

Shares of Comfort Systems USA stock traded up $11.70 on Friday, reaching $342.32. 347,460 shares of the company were exchanged, compared to its average volume of 398,935. The stock has a fifty day moving average price of $317.65 and a 200-day moving average price of $257.18. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 33.89 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a fifty-two week low of $144.45 and a fifty-two week high of $352.45.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.35%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is presently 11.88%.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 8,429 shares of the company’s stock in a transaction 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 directly owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,102 shares of company stock valued at $15,285,379. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson upped their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, UBS Group upped their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company 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.