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

Westfield Capital Management Co. LP decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 708,180 shares of the construction company’s stock after selling 156,689 shares during the period. Comfort Systems USA accounts for 1.2% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 12th biggest holding. Westfield Capital Management Co. LP’s holdings in Comfort Systems USA were worth $276,438,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $41,000. V Square Quantitative Management LLC raised its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FIX shares. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $525.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Comfort Systems USA Stock Up 0.2 %

FIX opened at $491.06 on Friday. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month 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 company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $413.47 and a 200 day moving average of $353.50.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The company 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 firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 earnings per share. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by company insiders.

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.