Bank of New York Mellon Corp Lowers Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Bank of New York Mellon Corp reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,037 shares of the construction company's stock after selling 2,564 shares during the period. Bank of New York Mellon Corp owned approximately 0.79% of Comfort Systems USA worth $90,264,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after acquiring an additional 296 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after buying an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management boosted its position in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

FIX stock traded up $6.34 during trading on Friday, reaching $540.11. The stock had a trading volume of 263,894 shares, compared to its average volume of 414,667. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock's 50 day moving average is $492.24 and its two-hundred day moving average is $427.21. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a market cap of $19.06 billion, a PE ratio of 32.40 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $2.69 earnings per share. Comfort Systems USA's revenue was up 19.1% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.33%. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This represents a 19.92% 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, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $18,696,795 in the last 90 days. Insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DA Davidson increased their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $572.60.

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.