Baillie Gifford & Co. Has $235.76 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Baillie Gifford & Co. decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,146,299 shares of the construction company's stock after selling 41,621 shares during the period. Baillie Gifford & Co. owned approximately 3.21% of Comfort Systems USA worth $235,759,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates raised its stake in Comfort Systems USA by 6.6% in the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company's stock worth $13,366,000 after acquiring an additional 4,031 shares during the last quarter. State of Michigan Retirement System purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $1,769,000. Redhawk Wealth Advisors Inc. acquired a new position in Comfort Systems USA in the 4th quarter worth approximately $1,194,000. FMR LLC raised its position in Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company's stock worth $97,266,000 after buying an additional 216,200 shares during the last quarter. Finally, Pathstone Family Office LLC raised its position in Comfort Systems USA by 20.0% during the 3rd quarter. Pathstone Family Office LLC now owns 5,681 shares of the construction company's stock worth $968,000 after buying an additional 946 shares during the last quarter. Institutional investors and hedge funds 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 8,429 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the transaction, the director now directly owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,614 shares of company stock valued at $13,739,345. 2.20% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

NYSE FIX traded down $2.41 during mid-day trading on Wednesday, reaching $303.74. 405,520 shares of the stock were exchanged, compared to its average volume of 357,216. The company has a market capitalization of $10.84 billion, a P/E ratio of 33.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The business's 50 day moving average is $285.78 and its 200-day moving average is $223.12. Comfort Systems USA, Inc. has a 1 year low of $128.71 and a 1 year high of $335.25.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.40. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. Comfort Systems USA's dividend payout ratio (DPR) is 11.11%.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. UBS Group lifted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th.

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.