BayBridge Capital Group LLC Trims Holdings in Comfort Systems USA, Inc. $FIX

BayBridge Capital Group LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 38.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 874 shares of the construction company’s stock after selling 551 shares during the quarter. BayBridge Capital Group LLC’s holdings in Comfort Systems USA were worth $721,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Comfort Systems USA by 18.4% during the 1st quarter. Ameriprise Financial Inc. now owns 168,895 shares of the construction company’s stock valued at $54,444,000 after purchasing an additional 26,254 shares during the period. Kestra Advisory Services LLC raised its holdings in Comfort Systems USA by 10.2% during the first quarter. Kestra Advisory Services LLC now owns 3,898 shares of the construction company’s stock valued at $1,256,000 after acquiring an additional 362 shares during the period. Jump Financial LLC raised its holdings in Comfort Systems USA by 3.5% during the first quarter. Jump Financial LLC now owns 9,845 shares of the construction company’s stock valued at $3,173,000 after acquiring an additional 332 shares during the period. Freedom Investment Management Inc. purchased a new position in shares of Comfort Systems USA in the first quarter valued at about $415,000. Finally, Virtus Advisers LLC bought a new position in shares of Comfort Systems USA in the first quarter worth about $91,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Up 1.4%

NYSE FIX opened at $964.43 on Wednesday. The stock has a 50 day moving average price of $939.46 and a 200-day moving average price of $760.55. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,036.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of $34.02 billion, a P/E ratio of 40.83 and a beta of 1.64.

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

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and an average price target of $1,011.75.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director directly owned 82,901 shares in the company, valued at $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,028 shares of company stock worth $25,381,151 in the last quarter. Company insiders own 1.59% 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.