Graham Capital Management L.P. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 50.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,277 shares of the construction company’s stock after purchasing an additional 1,766 shares during the quarter. Graham Capital Management L.P.’s holdings in Comfort Systems USA were worth $4,925,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Polar Capital Holdings Plc acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $23,542,000. Rothschild Wealth LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $689,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $1,176,000. Temasek Holdings Private Ltd acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $49,051,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $4,405,000. Institutional investors and hedge funds own 96.51% of the company’s stock.
Comfort Systems USA Trading Down 1.8%
Shares of NYSE:FIX opened at $1,917.26 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $489.98 and a 1 year high of $2,073.99. The firm has a market capitalization of $67.49 billion, a price-to-earnings ratio of 55.32 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business’s 50 day moving average price is $1,802.15 and its 200-day moving average price is $1,403.19.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a dividend of $0.80 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.
Analyst Upgrades and Downgrades
FIX has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $1,991.50.
Get Our Latest Research Report on FIX
Insider Activity
In other news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,078 shares of company stock worth $46,651,175. Insiders own 1.24% of the company’s stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.
Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.
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