Canandaigua National Bank & Trust Co. Has $240,000 Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Canandaigua National Bank & Trust Co. cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 567 shares of the construction company’s stock after selling 28 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Comfort Systems USA were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Zacks Investment Management grew its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $1,484,000. WCM Investment Management LLC increased its stake in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after purchasing an additional 14,090 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth $940,000. Finally, Commerce Bank bought a new stake in shares of Comfort Systems USA during the 3rd quarter worth $511,000. 96.51% of the stock is owned by institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 over the last ninety days. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Down 0.9 %

Shares of NYSE FIX opened at $451.97 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $194.30 and a 1 year high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $16.09 billion, a PE ratio of 34.58 and a beta of 1.23. The company has a 50 day simple moving average of $452.85 and a 200 day simple moving average of $383.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FIX shares. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. UBS Group lifted 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. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

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.