Baillie Gifford & Co. Has $143.73 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Baillie Gifford & Co. has reduced its stake in Comfort Systems USA by 26.3% in the first quarter, now owning 1.26% of the company, valued at approximately $143.7 million.
• Comfort Systems USA reported earnings of $6.53 per share, exceeding expectations by $1.69, with revenue for the quarter of $2.17 billion, marking a 20.1% increase year-over-year.
• The company has increased its quarterly dividend to $0.50 per share, up from $0.45, representing an annualized yield of 0.29%.

Baillie Gifford & Co. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 26.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 445,915 shares of the construction company's stock after selling 159,444 shares during the quarter. Baillie Gifford & Co. owned about 1.26% of Comfort Systems USA worth $143,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Comfort Systems USA by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after buying an additional 42 shares in the last quarter. Rakuten Securities Inc. lifted its position in Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock worth $52,000 after buying an additional 43 shares in the last quarter. Finally, PFG Advisors lifted its position in Comfort Systems USA by 7.2% during the 1st quarter. PFG Advisors now owns 668 shares of the construction company's stock worth $215,000 after buying an additional 45 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 1.9%

Shares of FIX stock traded up $13.13 on Wednesday, reaching $700.80. The company had a trading volume of 100,678 shares, compared to its average volume of 475,215. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $24.72 billion, a PE ratio of 36.01 and a beta of 1.51. The company has a 50-day moving average of $523.41 and a 200-day moving average of $439.19. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $709.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $3.74 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group upped their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus target price of $635.60.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director owned 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock worth $18,696,795 in the last quarter. 1.59% of the stock is owned by company insiders.

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.