Balyasny Asset Management L.P. Buys 14,789 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Balyasny Asset Management L.P. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1,099.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,134 shares of the construction company's stock after acquiring an additional 14,789 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Comfort Systems USA were worth $6,842,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC grew its position in shares of Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after acquiring an additional 4,331 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Comfort Systems USA by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company's stock worth $1,042,000 after buying an additional 46 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Comfort Systems USA by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 22,448 shares of the construction company's stock valued at $9,519,000 after purchasing an additional 125 shares during the period. Oak Thistle LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $621,000. Finally, Park Avenue Securities LLC grew its stake in Comfort Systems USA by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company's stock valued at $1,334,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Up 4.1%

Shares of FIX traded up $17.84 on Monday, hitting $452.72. The company's stock had a trading volume of 246,466 shares, compared to its average volume of 439,473. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 30.99 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm's fifty day moving average price is $359.28 and its 200-day moving average price is $413.17.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now directly owns 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider now owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,300 shares of company stock valued at $8,765,860. 1.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $517.60.

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.