Bank of New York Mellon Corp Reduces Stake in Comfort Systems USA, Inc. $FIX

Bank of New York Mellon Corp cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 276,124 shares of the construction company’s stock after selling 3,913 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Comfort Systems USA worth $148,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in Comfort Systems USA by 12.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the last quarter. Optimum Investment Advisors grew its stake in shares of Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after buying an additional 25 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 37.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after buying an additional 31 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Comfort Systems USA by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after buying an additional 34 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In other news, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director owned 30,574 shares in the company, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares of the company’s stock, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,447 shares of company stock worth $16,206,497 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FIX shares. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Stock Performance

NYSE FIX opened at $958.04 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The company has a market cap of $33.79 billion, a P/E ratio of 40.56 and a beta of 1.55. The stock has a 50-day moving average of $826.63 and a two-hundred day moving average of $639.72. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

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.