Graham Capital Management L.P. Takes $1.33 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Graham Capital Management L.P. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,133 shares of the construction company's stock, valued at approximately $1,329,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Comfort Systems USA by 23.4% in 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 lifted its holdings 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 valued at $1,042,000 after acquiring an additional 46 shares during the period. Oak Thistle LLC bought a new position in Comfort Systems USA in the fourth quarter valued at about $621,000. Park Avenue Securities LLC lifted its holdings in Comfort Systems USA by 11.2% in the fourth 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent research reports. Sidoti raised 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 downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. DA Davidson raised their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Stifel Nicolaus decreased their price objective on 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $517.60.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded up $9.53 during trading on Friday, hitting $472.90. 316,389 shares of the company's stock were exchanged, compared to its average volume of 439,831. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The business's 50-day simple moving average is $370.85 and its 200 day simple moving average is $415.29. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48.

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 (EPS) 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 firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the business posted $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO William George III sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 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.