Bridges Investment Management Inc. Invests $934,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Bridges Investment Management Inc. bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,072 shares of the construction company’s stock, valued at approximately $934,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors raised its holdings in shares of Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares during the period. Westfield Capital Management Co. LP bought a new stake in Comfort Systems USA in the 4th quarter valued at about $87,733,000. Norges Bank acquired a new position in Comfort Systems USA during the 4th quarter worth approximately $81,299,000. Hennessy Advisors Inc. bought a new position in Comfort Systems USA in the fourth quarter worth approximately $30,151,000. Finally, Blackstone Inc. acquired a new stake in Comfort Systems USA in the first quarter valued at approximately $41,302,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Comfort Systems USA Trading Up 1.3 %

FIX opened at $385.16 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $387.90. The firm has a market capitalization of $13.76 billion, a PE ratio of 38.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. The company’s 50-day moving average is $326.67 and its 200 day moving average is $319.65.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.14 by $0.60. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. As a group, research analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.31%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock valued at $8,076,855 in the last three months. 1.80% of the stock is currently owned by 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.