TimesSquare Capital Management LLC Has $25.32 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

TimesSquare Capital Management LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,544 shares of the construction company's stock after selling 9,482 shares during the period. TimesSquare Capital Management LLC owned approximately 0.22% of Comfort Systems USA worth $25,317,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FIX. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $514,000. Moors & Cabot Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $313,000. PFG Advisors bought a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $264,000. EverSource Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Comfort Systems USA by 0.6% in the fourth quarter. Swiss National Bank now owns 70,100 shares of the construction company's stock valued at $29,727,000 after buying an additional 400 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider owned 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 over the last 90 days. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX traded up $3.29 during trading hours on Thursday, reaching $549.92. The stock had a trading volume of 144,705 shares, compared to its average volume of 413,077. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $555.18. The stock has a market capitalization of $19.40 billion, a PE ratio of 32.99 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The company's 50-day moving average is $498.95 and its two-hundred day moving average is $429.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, DA Davidson upped their target price on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $572.60.

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.