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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,227 shares of the construction company’s stock after buying an additional 1,058 shares during the period. Bridges Investment Management Inc.’s holdings in Comfort Systems USA were worth $4,411,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FIX. Vanguard Group Inc. lifted its position in Comfort Systems USA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after acquiring an additional 21,847 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Comfort Systems USA by 0.5% in the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after purchasing an additional 4,512 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after purchasing an additional 832,999 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Comfort Systems USA by 36.4% in the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after buying an additional 138,541 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the subject of a number of recent research reports. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. William Blair started coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $735.80.

Comfort Systems USA Trading Up 0.4%

Shares of Comfort Systems USA stock opened at $835.47 on Thursday. The firm has a 50-day simple moving average of $755.69 and a two-hundred day simple moving average of $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 fifty-two week low of $276.44 and a fifty-two week high of $861.77. The company has a market cap of $29.48 billion, a P/E ratio of 42.93 and a beta of 1.58.

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

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 8,436 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. Company insiders own 1.59% of the company’s stock.

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.