Tower Research Capital LLC TRC Sells 358 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Tower Research Capital LLC TRC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,028 shares of the construction company’s stock after selling 358 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Comfort Systems USA were worth $150,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its position in shares of Comfort Systems USA by 2,814.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after acquiring an additional 394 shares during the period. Meeder Asset Management Inc. raised its position in shares of Comfort Systems USA by 172.9% in the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after acquiring an additional 230 shares during the period. Ronald Blue Trust Inc. raised its position in shares of Comfort Systems USA by 28.2% in the 1st quarter. Ronald Blue Trust Inc. now owns 496 shares of the construction company’s stock valued at $57,000 after acquiring an additional 109 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Comfort Systems USA by 113.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock valued at $65,000 after acquiring an additional 235 shares during the period. Institutional investors own 94.18% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $159.94, for a total transaction of $479,820.00. Following the completion of the transaction, the director now directly owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Vance W. Tang sold 1,844 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $182.00, for a total value of $335,608.00. Following the completion of the transaction, the director now directly owns 25,058 shares of the company’s stock, valued at $4,560,556. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $159.94, for a total transaction of $479,820.00. Following the completion of the transaction, the director now directly owns 22,787 shares of the company’s stock, valued at $3,644,552.78. The disclosure for this sale can be found here. Insiders sold 11,244 shares of company stock valued at $1,975,684 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $183.70 on Thursday. The stock has a market capitalization of $6.57 billion, a P/E ratio of 27.13 and a beta of 1.19. Comfort Systems USA, Inc. has a twelve month low of $95.28 and a twelve month high of $186.71. The company has a 50 day moving average of $170.99 and a 200-day moving average of $153.29. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.12.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.29. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Comfort Systems USA had a net margin of 5.17% and a return on equity of 23.24%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 7.51 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Thursday, August 17th were paid a dividend of $0.225 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, August 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 13.29%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Comfort Systems USA in a report on Thursday, August 17th. They set a “buy” rating on the stock. UBS Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, June 1st. They set a “neutral” rating and a $162.00 target price on the stock. Finally, DA Davidson raised their target price on shares of Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, July 28th.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.