Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,601 shares of the construction company's stock after selling 9,757 shares during the period. Bank of New York Mellon Corp owned 0.79% of Comfort Systems USA worth $119,840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA during the third quarter valued at about $28,000. Harbor Investment Advisory LLC lifted its stake in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after buying an additional 28 shares during the last quarter. True Wealth Design LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $53,000. Finally, V Square Quantitative Management LLC boosted its stake in Comfort Systems USA by 32.5% in the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

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Comfort Systems USA Stock Up 2.9 %

Shares of NYSE:FIX traded up $9.96 during mid-day trading on Wednesday, hitting $349.13. 578,803 shares of the company traded hands, compared to its average volume of 404,501. The firm has a market cap of $12.41 billion, a P/E ratio of 23.90 and a beta of 1.22. The firm's 50 day simple moving average is $431.35 and its 200 day simple moving average is $417.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.46%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio is presently 10.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Sidoti upgraded shares of 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, February 24th. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Stifel Nicolaus cut their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $530.75.

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.