Tower Research Capital LLC TRC Has $853,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Tower Research Capital LLC TRC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,011 shares of the construction company’s stock after buying an additional 423 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Comfort Systems USA were worth $853,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% during 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. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after acquiring an additional 104 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 worth $53,000 after purchasing an additional 28 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 5.6 %

Comfort Systems USA stock opened at $397.46 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. 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 capitalization of $14.04 billion, a price-to-earnings ratio of 27.20 and a beta of 1.27. The company’s 50 day simple moving average is $345.86 and its 200 day simple moving average is $412.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is 10.95%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIX. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered 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 report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate 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.