Baillie Gifford & Co. Cuts Stock Holdings in Comfort Systems USA, Inc. $FIX

Baillie Gifford & Co. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,742 shares of the construction company’s stock after selling 138,042 shares during the period. Baillie Gifford & Co. owned approximately 0.78% of Comfort Systems USA worth $256,414,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. FSM Wealth Advisors LLC raised its stake in Comfort Systems USA by 46.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 386 shares of the construction company’s stock worth $361,000 after purchasing an additional 123 shares during the period. Brown Miller Wealth Management LLC raised its stake in shares of Comfort Systems USA by 3.4% in the 4th quarter. Brown Miller Wealth Management LLC now owns 544 shares of the construction company’s stock valued at $508,000 after acquiring an additional 18 shares during the period. Choreo LLC increased its stake in Comfort Systems USA by 30.0% during the 4th quarter. Choreo LLC now owns 442 shares of the construction company’s stock worth $418,000 after buying an additional 102 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Comfort Systems USA by 24,703.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 74,658 shares of the construction company’s stock worth $69,678,000 after buying an additional 74,357 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Comfort Systems USA by 3,378.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock worth $79,079,000 after buying an additional 82,295 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at $54,276,305.28. This trade represents a 19.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,288 shares of company stock worth $53,677,038 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,594.23 on Monday. The firm has a market cap of $56.09 billion, a P/E ratio of 55.16 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a 1-year low of $321.95 and a 1-year high of $1,614.00. The firm has a fifty day moving average of $1,376.16 and a two-hundred day moving average of $1,104.40.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period last year, the business earned $4.09 EPS. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $1,573.67.

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.