TimesSquare Capital Management LLC Has $37.19 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

TimesSquare Capital Management LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,280 shares of the construction company's stock after buying an additional 16,775 shares during the quarter. TimesSquare Capital Management LLC owned about 0.27% of Comfort Systems USA worth $37,193,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FIX. Capital World Investors raised its stake in shares of Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after acquiring an additional 451,852 shares in the last quarter. Millennium Management LLC raised its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after purchasing an additional 283,416 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock worth $211,924,000 after buying an additional 240,466 shares during the last quarter. Blackstone Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter worth $41,302,000. Finally, Swedbank AB acquired a new position in Comfort Systems USA in the 1st quarter valued at $31,771,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th.

Comfort Systems USA Stock Performance

Shares of FIX traded up $18.84 during mid-day trading on Friday, hitting $462.06. The company's stock had a trading volume of 338,881 shares, compared to its average volume of 367,351. The stock's 50-day moving average is $385.36 and its two-hundred day moving average is $343.09. The firm has a market capitalization of $16.44 billion, a PE ratio of 35.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a one year low of $183.23 and a one year high of $462.06.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business's revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.74 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.18%.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the company's 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 completion of the transaction, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,591 shares of company stock valued at $14,835,665. 1.80% of the stock is owned by corporate insiders.

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.