Tower Research Capital LLC TRC Purchases 423 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

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

A number of other institutional investors also recently modified their holdings of FIX. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. Norges Bank acquired a new position in Comfort Systems USA during the fourth quarter worth $196,154,000. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after purchasing an additional 250,085 shares in the last quarter. FMR LLC increased its stake in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after buying an additional 148,493 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Comfort Systems USA by 29.5% during the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company’s stock worth $196,675,000 after buying an additional 105,756 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $397.46 on Friday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. 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 stock’s 50 day moving average price is $345.86 and its two-hundred day moving average price is $412.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

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. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.45%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus decreased 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 research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Company 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.