Bain Capital Public Equity Management II LLC Grows Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Bain Capital Public Equity Management II LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 307.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,723 shares of the construction company's stock after acquiring an additional 155,204 shares during the period. Comfort Systems USA comprises about 3.9% of Bain Capital Public Equity Management II LLC's portfolio, making the stock its 15th biggest position. Bain Capital Public Equity Management II LLC owned about 0.58% of Comfort Systems USA worth $87,239,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FIX. Vanguard Group Inc. increased its position in Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares during the period. FMR LLC lifted its holdings in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after acquiring an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $217,771,000. Finally, Federated Hermes Inc. lifted its stake in Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after acquiring an additional 51,771 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 $2,109,156. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director now directly owns 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Comfort Systems USA Stock Down 1.4 %

FIX stock traded down $6.13 during trading on Tuesday, hitting $429.16. 213,296 shares of the stock traded hands, compared to its average volume of 440,906. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 29.37 and a beta of 1.48. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The firm's 50 day moving average is $351.98 and its two-hundred day moving average is $412.21.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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 return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm posted $2.69 earnings per share. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS 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. Shareholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.80%.

About Comfort Systems USA

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.