Bank of America Corp DE Sells 25,166 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Bank of America Corp DE trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 87,034 shares of the construction company's stock after selling 25,166 shares during the period. Bank of America Corp DE owned 0.24% of Comfort Systems USA worth $36,908,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company's stock valued at $8,919,000 after purchasing an additional 4,331 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Comfort Systems USA by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company's stock valued at $1,042,000 after buying an additional 46 shares during the last quarter. Oak Thistle LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $621,000. Park Avenue Securities LLC grew its holdings in Comfort Systems USA by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company's stock worth $1,334,000 after acquiring an additional 316 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Down 0.3%

Shares of Comfort Systems USA stock traded down $1.49 on Monday, reaching $470.48. 241,815 shares of the company's stock were exchanged, compared to its average volume of 439,039. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The firm's 50-day moving average is $370.85 and its two-hundred day moving average is $415.29. The company has a market capitalization of $16.60 billion, a P/E ratio of 32.20 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned $2.69 EPS. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.45 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Analyst Ratings Changes

A number of brokerages have recently commented on FIX. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a report on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, DA Davidson upped their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average target price of $517.60.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA 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.