Baillie Gifford & Co. Sells 401,775 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Baillie Gifford & Co. decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 605,359 shares of the construction company's stock after selling 401,775 shares during the period. Baillie Gifford & Co. owned 1.70% of Comfort Systems USA worth $256,709,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FIX. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $138,987,000. Jennison Associates LLC grew its holdings in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after buying an additional 173,709 shares during the last quarter. Natixis Advisors LLC grew its holdings in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after buying an additional 119,033 shares during the last quarter. EULAV Asset Management lifted its position in shares of Comfort Systems USA by 80.0% in the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company's stock worth $56,641,000 after acquiring an additional 64,500 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock worth $292,093,000 after acquiring an additional 47,929 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Down 3.4 %

Shares of NYSE FIX traded down $13.57 during midday trading on Thursday, hitting $382.29. The stock had a trading volume of 651,268 shares, compared to its average volume of 507,867. The company's 50-day simple moving average is $446.90 and its 200 day simple moving average is $414.14. The firm has a market cap of $13.61 billion, a P/E ratio of 29.25 and a beta of 1.22. Comfort Systems USA, Inc. has a fifty-two week low of $239.80 and a fifty-two week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.42%. Comfort Systems USA's payout ratio is 10.71%.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $506.75.

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.