Bank of New York Mellon Corp Sells 9,493 Shares of Comfort Systems USA, Inc. $FIX

Bank of New York Mellon Corp lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 218,195 shares of the construction company’s stock after selling 9,493 shares during the quarter. Bank of New York Mellon Corp’s holdings in Comfort Systems USA were worth $300,889,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in Comfort Systems USA during the 4th quarter worth approximately $33,000. Farmers & Merchants Investments Inc. boosted its position in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s 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 completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock worth $59,746,124 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,667.28 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The firm has a market cap of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66. The firm’s fifty day moving average is $1,861.34 and its 200-day moving average is $1,540.19.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm posted $4.75 EPS. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Sell-side analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Glj Research started coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,015.43.

About Comfort Systems USA

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.