Balyasny Asset Management L.P. Has $6.84 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Balyasny Asset Management L.P. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1,099.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,134 shares of the construction company’s stock after purchasing an additional 14,789 shares during the period. Balyasny Asset Management L.P.’s holdings in Comfort Systems USA were worth $6,842,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIX. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after acquiring an additional 55 shares during the period. Private Trust Co. NA grew its holdings in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after purchasing an additional 31 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock worth $45,000 after purchasing an additional 59 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after purchasing an additional 104 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Down 0.7 %

FIX stock opened at $435.86 on Friday. The stock has a market cap of $15.37 billion, a P/E ratio of 29.83 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $357.21 and its two-hundred day simple moving average is $412.60. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $2.69 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.41%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darcy Anderson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $1,294,980.00. Following the completion of the transaction, the director now owns 34,193 shares of the company’s stock, valued at $14,759,750.38. The trade was a 8.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,300 shares of company stock worth $8,765,860 in the last three months. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FIX. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. DA Davidson boosted their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $517.60.

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.