Driehaus Capital Management LLC Has $46.44 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Driehaus Capital Management LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,703 shares of the construction company’s stock after purchasing an additional 8,363 shares during the period. Driehaus Capital Management LLC’s holdings in Comfort Systems USA were worth $46,440,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after buying an additional 42 shares in the last quarter. Caprock Group LLC grew its stake in shares of Comfort Systems USA by 9.8% during the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after buying an additional 63 shares during the last quarter. CWM LLC increased its stake in shares of Comfort Systems USA by 60.3% in the second quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after buying an additional 82 shares during the period. Lifestyle Asset Management Inc. raised its position in Comfort Systems USA by 9.6% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock valued at $337,000 after purchasing an additional 97 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Comfort Systems USA by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,700 shares of the construction company’s stock valued at $2,764,000 after purchasing an additional 100 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 5,845 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Price Performance

FIX stock opened at $390.09 on Friday. The company has a market capitalization of $13.93 billion, a PE ratio of 38.62 and a beta of 1.13. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $403.07. The company’s fifty day moving average price is $332.84 and its 200-day moving average price is $321.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. The business’s revenue was up 39.6% on a year-over-year basis. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s payout ratio is presently 11.88%.

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.