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

Amalgamated Bank reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 18,425 shares of the construction company’s stock after selling 238 shares during the quarter. Amalgamated Bank’s holdings in Comfort Systems USA were worth $5,603,000 as of its most recent SEC filing.

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

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 5,845 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 in the last quarter. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Trading Up 1.3 %

Shares of FIX stock opened at $385.16 on Friday. 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 has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $326.67 and its 200 day moving average is $319.65. Comfort Systems USA, Inc. has a 12-month low of $151.89 and a 12-month high of $387.90.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) 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 company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

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

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.