Amalgamated Bank Acquires 6,756 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,702 shares of the construction company's stock after purchasing an additional 6,756 shares during the period. Amalgamated Bank owned about 0.06% of Comfort Systems USA worth $4,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FIX. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Comfort Systems USA by 18.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company's stock valued at $1,265,000 after buying an additional 1,175 shares during the last quarter. Advisor Partners II LLC increased its position in shares of Comfort Systems USA by 73.6% during the third quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company's stock worth $568,000 after acquiring an additional 1,414 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth $930,000. Portside Wealth Group LLC boosted its stake in Comfort Systems USA by 3.6% in the third quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock valued at $368,000 after acquiring an additional 74 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Comfort Systems USA by 99.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company's stock valued at $14,208,000 after acquiring an additional 41,527 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 14,185 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the transaction, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,614 shares of company stock worth $13,739,345. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DA Davidson boosted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. UBS Group lifted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. KeyCorp initiated coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They set a "sector weight" rating for the company. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $2.46 during midday trading on Wednesday, reaching $346.09. 359,675 shares of the stock traded hands, compared to its average volume of 360,335. The stock's fifty day moving average is $310.94 and its 200-day moving average is $243.17. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $12.36 billion, a P/E ratio of 34.00 and a beta of 1.20. Comfort Systems USA, Inc. has a 12 month low of $144.45 and a 12 month high of $346.57.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company's revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.25. Comfort Systems USA's dividend payout ratio (DPR) is currently 11.88%.

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.