Westfield Capital Management Co. LP Increases Position in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Westfield Capital Management Co. LP increased its holdings in Comfort Systems USA by 0.5%, now owning approximately 2.52% of the company, valued at $286.76 million.
• The firm recently declared a quarterly dividend of $0.50 per share, up from $0.45, indicating a positive outlook with a dividend yield of 0.3%.
• Comfort Systems USA reported strong earnings with $6.53 EPS for the last quarter, significantly exceeding analysts' estimates, and a revenue increase of 20.1% year-over-year.

Westfield Capital Management Co. LP raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 889,639 shares of the construction company's stock after acquiring an additional 4,512 shares during the quarter. Comfort Systems USA comprises 1.4% of Westfield Capital Management Co. LP's portfolio, making the stock its 11th largest position. Westfield Capital Management Co. LP owned approximately 2.52% of Comfort Systems USA worth $286,757,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIX. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after purchasing an additional 296 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after purchasing an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider owned 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,900 shares of company stock valued at $20,853,987 over the last three months. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group increased their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. DA Davidson lifted their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $635.60.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $6.74 on Tuesday, hitting $692.42. 354,056 shares of the company's stock were exchanged, compared to its average volume of 440,846. The company has a 50 day moving average of $541.99 and a 200 day moving average of $445.00. The stock has a market cap of $24.43 billion, a P/E ratio of 35.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $718.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.74 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio is 9.25%.

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.