Baird Financial Group Inc. Has $1.06 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Baird Financial Group Inc. increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,505 shares of the construction company's stock after purchasing an additional 781 shares during the quarter. Baird Financial Group Inc.'s holdings in Comfort Systems USA were worth $1,062,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FIX. Thurston Springer Miller Herd & Titak Inc. increased its position in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after buying an additional 28 shares in the last quarter. Dakota Wealth Management grew its holdings in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock worth $334,000 after acquiring an additional 29 shares during the period. Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the period. Trust Point Inc. grew its holdings in Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after purchasing an additional 32 shares during the period. Finally, Savant Capital LLC grew its holdings in Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock valued at $1,739,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $517.60.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares in the company, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock worth $14,642,235 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Up 2.1%

Shares of NYSE:FIX traded up $9.53 during midday trading on Friday, reaching $472.90. The company's stock had a trading volume of 316,389 shares, compared to its average volume of 440,029. The business has a 50 day moving average price of $370.85 and a 200 day moving average price of $414.95. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The company's revenue was up 19.1% compared to the same quarter last year. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA's payout ratio is 10.80%.

Comfort Systems USA Company 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.