Hiddenite Capital Partners LP Acquires 5,000 Shares of Comfort Systems USA, Inc. $FIX

Hiddenite Capital Partners LP boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 20.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,000 shares of the construction company’s stock after acquiring an additional 5,000 shares during the period. Comfort Systems USA accounts for about 4.2% of Hiddenite Capital Partners LP’s portfolio, making the stock its 6th largest holding. Hiddenite Capital Partners LP owned approximately 0.09% of Comfort Systems USA worth $16,086,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $107,000 after acquiring an additional 22 shares during the last quarter. Optimum Investment Advisors lifted its holdings in Comfort Systems USA by 0.8% in the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after acquiring an additional 25 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the last quarter. Fifth Third Bancorp raised its position in Comfort Systems USA by 2.0% in the second quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after purchasing an additional 34 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 1.2%

Comfort Systems USA stock opened at $977.58 on Tuesday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The stock’s fifty day simple moving average is $811.63 and its 200-day simple moving average is $630.75. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $34.48 billion, a P/E ratio of 41.39 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million for the quarter. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Analyst Ratings Changes

A number of analysts have issued reports on FIX shares. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. UBS Group boosted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $819.20.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the transaction, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,883 shares of company stock valued at $28,966,671. Insiders own 1.59% of the company’s stock.

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.