Polar Asset Management Partners Inc. Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Polar Asset Management Partners Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,000 shares of the construction company's stock, valued at approximately $1,696,000.

Other hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at about $1,858,000. Public Employees Retirement System of Ohio boosted its stake in Comfort Systems USA by 9.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 14,240 shares of the construction company's stock valued at $6,039,000 after buying an additional 1,257 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Comfort Systems USA by 108.6% during the 4th quarter. Sunbelt Securities Inc. now owns 895 shares of the construction company's stock valued at $384,000 after buying an additional 466 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $214,000. Finally, PharVision Advisers LLC bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $333,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIX. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a report on Monday, February 24th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, DA Davidson upped 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 report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average price target of $525.80.

Insiders Place Their Bets

In related news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock valued at $14,642,235 over the last 90 days. Insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 0.6%

NYSE:FIX traded up $2.81 during midday trading on Thursday, hitting $479.73. 255,048 shares of the company traded hands, compared to its average volume of 438,468. The firm's fifty day moving average is $391.17 and its 200-day moving average is $418.11. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The firm has a market capitalization of $16.92 billion, a P/E ratio of 32.84 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.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is 10.80%.

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.