Hiddenite Capital Partners LP Has $17.49 Million Position in Comfort Systems USA, Inc. $FIX

Hiddenite Capital Partners LP lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 29.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,200 shares of the construction company’s stock after selling 8,800 shares during the period. Comfort Systems USA comprises about 3.2% of Hiddenite Capital Partners LP’s portfolio, making the stock its 4th largest position. Hiddenite Capital Partners LP owned about 0.06% of Comfort Systems USA worth $17,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA in the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $27,000. Eastern Bank bought a new stake in Comfort Systems USA during the third quarter worth $31,000. Finally, Avion Wealth boosted its position in Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after purchasing an additional 54 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FIX shares. UBS Group increased their price target on shares of 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. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. DA Davidson restated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,119.88 on Monday. The firm’s 50 day moving average is $971.52 and its 200 day moving average is $823.64. The stock has a market capitalization of $39.50 billion, a P/E ratio of 47.41 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,147.03. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.09 EPS. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a dividend of $0.60 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at $4,021,640. The trade was a 38.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the sale, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is owned by corporate insiders.

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.