Bank of New York Mellon Corp Sells 2,564 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Bank of New York Mellon Corp lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & 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 0.79% of Comfort Systems USA worth $90,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. FMR LLC increased its stake in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC increased its stake in Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after purchasing an additional 21,406 shares in the last quarter. Federated Hermes Inc. increased its stake in Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after purchasing an additional 51,771 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Comfort Systems USA by 29.5% in the fourth quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after purchasing an additional 105,756 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider owned 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 in the last quarter. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Stock Up 0.9%

Shares of FIX stock traded up $5.01 during trading hours on Monday, reaching $544.51. The company had a trading volume of 313,168 shares, compared to its average volume of 414,261. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 32.66 and a beta of 1.51. The business has a fifty day simple moving average of $492.24 and a 200-day simple moving average of $427.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. DA Davidson upped their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.