Graham Capital Management L.P. Has $1.30 Million Position in Comfort Systems USA, Inc. $FIX

Key Points

• Graham Capital Management L.P. increased its stake in Comfort Systems USA by 28.3%, now owning 4,019 shares valued at approximately $1.3 million.
• The company recently raised its quarterly dividend to $0.50 per share, an increase from the previous dividend of $0.45.
• Comfort Systems USA reported strong quarterly earnings of $6.53 per share, exceeding analysts' expectations and marking a 20.1% year-over-year revenue increase.

Graham Capital Management L.P. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,019 shares of the construction company's stock after buying an additional 886 shares during the period. Graham Capital Management L.P.'s holdings in Comfort Systems USA were worth $1,295,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FIX. Mercer Global Advisors Inc. ADV lifted its stake in shares of Comfort Systems USA by 47.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 875 shares of the construction company's stock valued at $371,000 after buying an additional 281 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Comfort Systems USA by 102.7% in the fourth quarter. Ameriprise Financial Inc. now owns 142,641 shares of the construction company's stock valued at $60,488,000 after buying an additional 72,268 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Comfort Systems USA by 106.2% in the fourth quarter. BNP Paribas Financial Markets now owns 54,456 shares of the construction company's stock valued at $23,093,000 after buying an additional 28,041 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Comfort Systems USA by 8.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,282 shares of the construction company's stock valued at $544,000 after buying an additional 98 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Comfort Systems USA by 1,099.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 16,134 shares of the construction company's stock valued at $6,842,000 after buying an additional 14,789 shares during the period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $16.34 during trading on Friday, reaching $707.61. The stock had a trading volume of 523,754 shares, compared to its average volume of 360,733. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $733.24. The business's 50-day moving average price is $638.44 and its 200 day moving average price is $486.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market capitalization of $24.96 billion, a PE ratio of 36.36 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company posted $3.74 earnings per share. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Wall Street Analyst Weigh In

FIX has been the subject of several research reports. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. UBS Group raised their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $635.60.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 a total of 25,283 shares of company stock valued at $17,627,965 in the last ninety days. 1.59% of the stock is owned by corporate 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.