Bank of New York Mellon Corp lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,385,182 shares of the construction company’s stock after purchasing an additional 127,761 shares during the quarter. Bank of New York Mellon Corp owned 3.73% of Comfort Systems USA worth $49,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of Comfort Systems USA by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,375 shares of the construction company’s stock worth $496,000 after purchasing an additional 34 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Comfort Systems USA by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock worth $1,075,000 after buying an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Comfort Systems USA by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after buying an additional 173 shares in the last quarter. Texas Permanent School Fund boosted its stake in Comfort Systems USA by 1.0% in the second quarter. Texas Permanent School Fund now owns 27,208 shares of the construction company’s stock worth $1,009,000 after buying an additional 268 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Comfort Systems USA by 4.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,780 shares of the construction company’s stock worth $326,000 after buying an additional 360 shares in the last quarter. 92.24% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Zacks Investment Research raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. DA Davidson upped their target price on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Comfort Systems USA has an average rating of “Hold” and a consensus price target of $63.00.

In other news, insider Julie Shaeff sold 15,905 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $42.65, for a total transaction of $678,348.25. Following the completion of the sale, the insider now owns 35,472 shares of the company’s stock, valued at $1,512,880.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 19,389 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $42.35, for a total value of $821,124.15. Following the sale, the insider now directly owns 203,021 shares of the company’s stock, valued at approximately $8,597,939.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,473 shares of company stock valued at $2,986,454. Insiders own 3.48% of the company’s stock.

Shares of Comfort Systems USA, Inc. (NYSE:FIX) opened at $42.55 on Monday. The stock has a market capitalization of $1,580.06, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30. Comfort Systems USA, Inc. has a 52 week low of $31.80 and a 52 week high of $44.67.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. Comfort Systems USA’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. equities analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 9th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 17.44%.

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About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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