M&T Bank Corp trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,123 shares of the construction company’s stock after selling 1,501 shares during the period. M&T Bank Corp’s holdings in Comfort Systems USA were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after buying an additional 60 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in Comfort Systems USA by 5.5% during the third quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock valued at $244,000 after purchasing an additional 75 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Comfort Systems USA by 7.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,463 shares of the construction company’s stock valued at $249,000 after buying an additional 101 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Comfort Systems USA by 2.0% in the third quarter. Diversified Trust Co now owns 5,575 shares of the construction company’s stock worth $950,000 after acquiring an additional 109 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $26,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Comfort Systems USA
In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the sale, the director now directly owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pablo G. Mercado sold 1,200 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the sale, the director now owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,114 shares of company stock worth $14,946,495. 1.80% of the stock is currently owned by insiders.
Comfort Systems USA Price Performance
FIX stock opened at $344.80 on Friday. Comfort Systems USA, Inc. has a one year low of $144.45 and a one year high of $352.45. The firm has a 50 day simple moving average of $313.42 and a two-hundred day simple moving average of $246.58. The stock has a market cap of $12.32 billion, a PE ratio of 34.14 and a beta of 1.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 earnings per share. On average, analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.90%.
Analyst Ratings Changes
FIX has been the subject of several analyst reports. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. DA Davidson increased their target price 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. Finally, StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday.
View Our Latest Stock Analysis on Comfort Systems USA
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.
See Also
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