Amalgamated Bank Has $5.60 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank cut its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

A number of other hedge funds have also made changes to their positions in FIX. Vanguard Group Inc. lifted its position in shares of Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the last quarter. FMR LLC grew its holdings in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after purchasing an additional 21,406 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Comfort Systems USA by 12.4% during 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 during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Comfort Systems USA by 29.5% during 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 during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock 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 traded hands, compared to its average volume of 413,125. The stock's fifty day moving average price is $479.46 and its two-hundred day moving average price is $423.76. The firm has a market cap of $19.07 billion, a P/E ratio of 32.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director directly owned 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director directly owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. The trade was a 19.92% 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 worth $18,696,795. 1.59% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIX. DA Davidson lifted their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $558.80.

About Comfort Systems USA

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.