Amalgamated Bank Acquires 6,756 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 42.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,702 shares of the construction company’s stock after acquiring an additional 6,756 shares during the quarter. Amalgamated Bank’s holdings in Comfort Systems USA were worth $4,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Invesco Ltd. grew its holdings in Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after buying an additional 50,001 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth $202,433,000. FMR LLC raised its holdings in shares of Comfort Systems USA by 61.0% in the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after purchasing an additional 216,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Comfort Systems USA by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after purchasing an additional 112,185 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Comfort Systems USA by 2.3% during the third quarter. Federated Hermes Inc. now owns 425,840 shares of the construction company’s stock worth $72,567,000 after purchasing an additional 9,634 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FIX shares. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group upped their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. DA Davidson lifted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp initiated coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Insider Activity

In related news, Director Pablo G. Mercado sold 1,200 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the transaction, the director now directly owns 11,038 shares of the company’s stock, valued at approximately $3,125,630.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the sale, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $343.96 on Wednesday. The company’s 50 day simple moving average is $310.94 and its two-hundred day simple moving average is $243.17. The stock has a market capitalization of $12.29 billion, a PE ratio of 34.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. Comfort Systems USA, Inc. has a 1 year low of $144.45 and a 1 year high of $345.74.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.90%.

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.