Comfort Systems USA, Inc. $FIX Stake Lessened by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 412,784 shares of the construction company’s stock after selling 19,758 shares during the period. Baillie Gifford & Co. owned about 1.17% of Comfort Systems USA worth $340,621,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after acquiring an additional 993 shares during the period. Focus Partners Wealth increased its holdings in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Comfort Systems USA by 10.6% in the second quarter. Farther Finance Advisors LLC now owns 1,219 shares of the construction company’s stock worth $654,000 after purchasing an additional 117 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Comfort Systems USA by 27.8% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the construction company’s stock worth $540,000 after purchasing an additional 219 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, UBS Group boosted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Stock Down 0.8%

Comfort Systems USA stock opened at $1,122.73 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,177.87. The firm’s fifty day simple moving average is $990.57 and its 200-day simple moving average is $840.23. The company has a market capitalization of $39.60 billion, a P/E ratio of 47.53 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 EPS for the quarter, topping the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business posted $4.09 earnings per share. The business’s quarterly revenue was up 35.2% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Insider Transactions at Comfort Systems USA

In other news, Director Herman E. Bulls sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the sale, the director directly owned 30,574 shares in the company, valued at approximately $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is currently owned by company insiders.

About Comfort Systems USA

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.