Polar Asset Management Partners Inc. Takes $1.70 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

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

Several other hedge funds have also added to or reduced their stakes in the company. Consolidated Planning Corp boosted its stake in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Raymond James Financial Inc. bought a new position in Comfort Systems USA in the fourth quarter valued at approximately $39,038,000. BOCHK Asset Management Ltd acquired a new stake in Comfort Systems USA during the 4th quarter worth $509,000. HB Wealth Management LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth $292,000. Finally, Flagship Harbor Advisors LLC raised its position in shares of Comfort Systems USA by 63.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,065 shares of the construction company's stock valued at $452,000 after acquiring an additional 413 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 2.1%

NYSE FIX opened at $472.90 on Friday. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $16.68 billion, a P/E ratio of 32.37 and a beta of 1.48. The stock's 50-day moving average is $370.85 and its 200-day moving average is $414.95.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates 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 was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business 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. The ex-dividend date is Friday, May 16th. 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%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Insiders Place Their Bets

In related news, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. Corporate insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FIX shares. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. 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 lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $517.60.

Comfort Systems USA Company 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.

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