Westfield Capital Management Co. LP Sells 156,689 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Westfield Capital Management Co. LP lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 708,180 shares of the construction company’s stock after selling 156,689 shares during the period. Comfort Systems USA comprises about 1.2% of Westfield Capital Management Co. LP’s portfolio, making the stock its 12th biggest position. Westfield Capital Management Co. LP owned 1.99% of Comfort Systems USA worth $276,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Federated Hermes Inc. boosted its holdings in Comfort Systems USA by 2.1% in the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after acquiring an additional 8,578 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $138,987,000. Millennium Management LLC boosted its stake in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares during the last quarter. Jennison Associates LLC increased its position in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares during the period. Finally, Driehaus Capital Management LLC raised its stake in Comfort Systems USA by 5.8% during the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after buying an additional 8,363 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price target for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Northcoast Research started coverage on Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $481.00.

Insiders Place Their Bets

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,746 shares of company stock worth $14,684,140. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $491.06 on Friday. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $494.50. The company has a market cap of $17.48 billion, a PE ratio of 37.57 and a beta of 1.13. The stock has a 50-day moving average of $413.47 and a 200-day moving average of $353.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 10.71%.

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.