Baillie Gifford & Co. Sells 32,273 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Baillie Gifford & Co. trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,007,134 shares of the construction company's stock after selling 32,273 shares during the quarter. Baillie Gifford & Co. owned approximately 2.83% of Comfort Systems USA worth $393,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Comfort Systems USA by 61.2% in the first quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company's stock worth $548,000 after purchasing an additional 655 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Comfort Systems USA during the first quarter valued at approximately $550,000. Sei Investments Co. raised its position in Comfort Systems USA by 3.4% during the first quarter. Sei Investments Co. now owns 27,548 shares of the construction company's stock valued at $8,753,000 after acquiring an additional 912 shares in the last quarter. Choate Investment Advisors bought a new position in Comfort Systems USA during the first quarter valued at approximately $281,000. Finally, Headlands Technologies LLC bought a new position in Comfort Systems USA during the first quarter valued at approximately $65,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO William George III sold 5,845 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,591 shares of company stock valued at $14,835,665 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $0.35 during midday trading on Tuesday, reaching $466.35. 133,395 shares of the company traded hands, compared to its average volume of 383,690. The firm has a market cap of $16.60 billion, a PE ratio of 36.18 and a beta of 1.13. The stock's 50-day simple moving average is $387.63 and its 200-day simple moving average is $344.43. Comfort Systems USA, Inc. has a 12 month low of $184.85 and a 12 month high of $474.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.74 earnings per share. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. Comfort Systems USA's dividend payout ratio is presently 10.71%.

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.