Balyasny Asset Management L.P. Has $6.84 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Balyasny Asset Management L.P. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1,099.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,134 shares of the construction company’s stock after purchasing 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.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC boosted its stake in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares during the period. Johnson Financial Group Inc. increased its holdings in Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock worth $45,000 after purchasing an additional 59 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after purchasing an additional 104 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $435.86 on Friday. The stock has a market capitalization of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The firm has a fifty day simple moving average of $357.21 and a 200 day simple moving average of $412.60. 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) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion during 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 company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.45 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.41%. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FIX shares. DA Davidson lifted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus cut their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $517.60.

Insider Activity

In other news, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was 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 owns 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,300 shares of company stock valued at $8,765,860 over the last three months. Insiders own 1.59% of the company’s stock.

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.