TimesSquare Capital Management LLC Buys 49,575 Shares of Comfort Systems USA, Inc. $FIX

TimesSquare Capital Management LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3,013.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 51,220 shares of the construction company’s stock after acquiring an additional 49,575 shares during the period. TimesSquare Capital Management LLC’s holdings in Comfort Systems USA were worth $47,803,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIX. NewEdge Advisors LLC lifted its stake in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth lifted its stake in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new position in Comfort Systems USA in the second quarter valued at approximately $567,000. Finally, Sei Investments Co. boosted its position in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after acquiring an additional 17,839 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the sale, the director owned 3,000 shares in the company, valued at $5,339,340. This represents a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian E. Lane sold 11,113 shares of the company’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 sale, the insider owned 161,089 shares in the company, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 61,024 shares of company stock worth $99,678,386. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Comfort Systems USA Trading Down 7.1%

NYSE:FIX opened at $1,851.78 on Tuesday. Comfort Systems USA, Inc. has a twelve month low of $452.04 and a twelve month high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $1,609.19 and a two-hundred day moving average price of $1,269.53. The company has a market cap of $65.18 billion, a P/E ratio of 53.43 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm posted $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. As a group, analysts expect that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

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.