Amalgamated Bank Sells 506 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank lessened its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,362 shares of the construction company's stock after selling 506 shares during the period. Amalgamated Bank's holdings in Comfort Systems USA were worth $5,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FIX. Versant Capital Management Inc increased its holdings in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the period. Colonial Trust Co SC increased its stake in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares during the period. Rothschild Investment LLC increased its stake in shares of Comfort Systems USA by 106.9% in the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after buying an additional 62 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Ratings Changes

FIX has been the subject of several recent research reports. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus increased their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, DA Davidson increased their price target on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $558.80.

Comfort Systems USA Trading Up 2.0%

NYSE FIX traded up $10.67 during trading hours on Friday, hitting $540.57. 162,349 shares of the company's stock were exchanged, compared to its average volume of 413,125. The stock has a 50-day simple moving average of $479.46 and a 200 day simple moving average of $423.76. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 32.43 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is currently 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.