Westfield Capital Management Co. LP Acquires 46,773 Shares of Comfort Systems USA, Inc. $FIX

Westfield Capital Management Co. LP increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 936,412 shares of the construction company’s stock after purchasing an additional 46,773 shares during the quarter. Comfort Systems USA accounts for 2.1% of Westfield Capital Management Co. LP’s holdings, making the stock its 8th biggest position. Westfield Capital Management Co. LP owned about 2.65% of Comfort Systems USA worth $502,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the first quarter valued at about $31,000. Brooklyn Investment Group boosted its holdings in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after buying an additional 31 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of Comfort Systems USA by 310.7% in the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after acquiring an additional 87 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX opened at $929.62 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26. The company’s fifty day moving average is $866.88 and its 200-day moving average is $676.28. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 39.36 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million during the quarter. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. UBS Group upped their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a research report on Friday, October 24th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $819.20.

Insider Activity

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director owned 11,666 shares in the company, valued at $8,557,710.96. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director directly owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This represents a 38.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,078 shares of company stock valued at $15,242,037. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Company 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.