Comfort Systems USA, Inc. $FIX Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 14.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,227 shares of the construction company’s stock after purchasing an additional 1,058 shares during the period. Bridges Investment Management Inc.’s holdings in Comfort Systems USA were worth $4,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA during the second quarter worth $27,000. Tradewinds Capital Management LLC raised its holdings in shares of Comfort Systems USA by 49.1% during the 1st 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. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 valued at $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, COO T Mckenna Trent sold 4,400 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. This trade represents a 16.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last quarter. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $835.47 on Thursday. The company’s 50 day simple moving average is $755.69 and its 200-day simple moving average is $573.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $861.77. The company has a market capitalization of $29.48 billion, a price-to-earnings ratio of 42.93 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.28%.

Analyst Ratings Changes

A number of brokerages have commented on FIX. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair initiated coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. UBS Group increased their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $735.80.

About Comfort Systems USA

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.