Comfort Systems USA, Inc. $FIX Position Lowered by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,835 shares of the construction company’s stock after selling 164,360 shares during the quarter. Comfort Systems USA accounts for approximately 2.6% of Westfield Capital Management Co. LP’s portfolio, making the stock its 6th largest holding. Westfield Capital Management Co. LP’s holdings in Comfort Systems USA were worth $624,217,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ethic Inc. raised its holdings in shares of Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after purchasing an additional 748 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after purchasing an additional 39,888 shares during the period. Spire Wealth Management raised its holdings in shares of Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after purchasing an additional 4,679 shares during the period. Moran Wealth Management LLC raised its holdings in shares of Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the period. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $767,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

FIX stock opened at $1,920.55 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 52-week low of $469.16 and a 52-week high of $2,073.99. The stock’s 50 day moving average is $1,727.59 and its two-hundred day moving average is $1,350.97. The company has a market capitalization of $67.60 billion, a PE ratio of 55.41 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the business earned $4.75 EPS. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIX. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Stifel Nicolaus raised their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, UBS Group raised their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $1,969.33.

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.