Bain Capital Public Equity LP Increases Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Bain Capital Public Equity LP grew its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,761 shares of the construction company's stock after purchasing an additional 1,263 shares during the quarter. Comfort Systems USA makes up about 3.2% of Bain Capital Public Equity LP's portfolio, making the stock its 14th largest position. Bain Capital Public Equity LP's holdings in Comfort Systems USA were worth $4,987,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Consolidated Planning Corp boosted its position in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after acquiring an additional 1,573 shares during the last quarter. Diversified Trust Co acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $2,998,000. Raymond James Financial Inc. bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $39,038,000. BOCHK Asset Management Ltd bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $509,000. Finally, HB Wealth Management LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $292,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on FIX. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus reduced their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average target price of $517.60.

Comfort Systems USA Stock Down 1.4 %

Shares of NYSE:FIX traded down $6.13 during mid-day trading on Tuesday, hitting $429.16. 213,296 shares of the company traded hands, compared to its average volume of 440,906. The stock has a 50-day moving average price of $351.98 and a two-hundred day moving average price of $412.21. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The stock has a market cap of $15.14 billion, a P/E ratio of 29.37 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

Insider Activity

In other news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director now directly owns 7,236 shares in the company, valued at $3,155,619.60. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA 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.