Amalgamated Bank Cuts Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Amalgamated Bank decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,868 shares of the construction company’s stock after selling 83 shares during the period. Amalgamated Bank owned approximately 0.05% of Comfort Systems USA worth $7,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $4,045,000. Thompson Davis & CO. Inc. raised its position in shares of Comfort Systems USA by 10.6% in the 4th quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company’s stock worth $420,000 after buying an additional 95 shares during the period. Navellier & Associates Inc. lifted its stake in shares of Comfort Systems USA by 79.3% in the 4th quarter. Navellier & Associates Inc. now owns 21,788 shares of the construction company’s stock valued at $9,239,000 after purchasing an additional 9,637 shares in the last quarter. Prakash Investment Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $254,000. Finally, Handelsbanken Fonder AB boosted its position in Comfort Systems USA by 19.6% during the 4th quarter. Handelsbanken Fonder AB now owns 9,137 shares of the construction company’s stock worth $3,875,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FIX shares. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Price Performance

NYSE:FIX opened at $375.01 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $553.09. The company’s 50-day moving average price is $439.93 and its two-hundred day moving average price is $416.50. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13.35 billion, a PE ratio of 25.67 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

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.