Amalgamated Bank Sells 238 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,425 shares of the construction company’s stock after selling 238 shares during the quarter. Amalgamated Bank owned approximately 0.05% of Comfort Systems USA worth $5,603,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC increased its position in shares of Comfort Systems USA by 197.4% in the second quarter. Axxcess Wealth Management LLC now owns 1,933 shares of the construction company’s stock valued at $588,000 after acquiring an additional 1,283 shares during the period. Virtu Financial LLC grew its stake in shares of Comfort Systems USA by 251.4% in the second quarter. Virtu Financial LLC now owns 13,680 shares of the construction company’s stock worth $4,160,000 after purchasing an additional 9,787 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Comfort Systems USA by 8.8% during the 2nd quarter. Edgestream Partners L.P. now owns 5,700 shares of the construction company’s stock valued at $1,733,000 after purchasing an additional 462 shares during the period. Renaissance Technologies LLC raised its position in Comfort Systems USA by 53.6% during the 2nd quarter. Renaissance Technologies LLC now owns 33,800 shares of the construction company’s stock valued at $10,279,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after buying an additional 8,578 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $385.16 on Friday. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $387.90. The stock has a market capitalization of $13.76 billion, a P/E ratio of 38.13 and a beta of 1.13. The company’s 50-day moving average is $326.67 and its 200 day moving average is $319.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.31%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 5,845 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO William George III sold 5,845 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

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.