TimesSquare Capital Management LLC Invests $146.34 Million in Comfort Systems USA, Inc. $FIX

TimesSquare Capital Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 73,834 shares of the construction company’s stock, valued at approximately $146,335,000. Comfort Systems USA makes up 2.2% of TimesSquare Capital Management LLC’s holdings, making the stock its 5th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $170,888,000. Crown Advisors Management Inc. bought a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $19,820,000. Persistent Asset Partners Ltd purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $270,000. OneDigital Investment Advisors LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $2,044,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $4,753,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,879.96 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock has a market cap of $66.16 billion, a P/E ratio of 46.24 and a beta of 1.69. The business’s 50 day moving average price is $1,793.64 and its 200-day moving average price is $1,643.63. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the company earned $6.53 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 8.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FIX shares. UBS Group upped their price target on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. KeyCorp raised their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average price target of $2,057.86.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,542 shares of company stock valued at $26,437,101 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.