Baird Financial Group Inc. Boosts Stake in Comfort Systems USA, Inc. $FIX

Baird Financial Group Inc. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 95.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,026 shares of the construction company’s stock after purchasing an additional 5,386 shares during the quarter. Baird Financial Group Inc.’s holdings in Comfort Systems USA were worth $5,912,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FIX. Ameritas Advisory Services LLC acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter valued at $31,000. Tradewinds Capital Management LLC raised its holdings in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Comfort Systems USA by 310.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.7%

Shares of Comfort Systems USA stock opened at $982.06 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,036.67. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market cap of $34.64 billion, a PE ratio of 41.58 and a beta of 1.64. The company has a 50-day moving average of $913.56 and a two-hundred day moving average of $727.31.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million for the quarter. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares in the company, valued at $4,021,640. This trade represents a 38.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of several analyst reports. DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $892.75.

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.