Townsquare Capital LLC Sells 11,716 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Townsquare Capital LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 41.7% during the fourth quarter, HoldingsChannel reports. The firm owned 16,407 shares of the construction company’s stock after selling 11,716 shares during the quarter. Townsquare Capital LLC’s holdings in Comfort Systems USA were worth $6,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Distillate Capital Partners LLC bought a new position in Comfort Systems USA during the fourth quarter worth about $15,131,000. Covestor Ltd increased its position in shares of Comfort Systems USA by 10.8% during the fourth quarter. Covestor Ltd now owns 515 shares of the construction company’s stock worth $218,000 after acquiring an additional 50 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Comfort Systems USA by 4.4% during the fourth quarter. Bessemer Group Inc. now owns 63,251 shares of the construction company’s stock worth $26,823,000 after acquiring an additional 2,655 shares during the period. CenterBook Partners LP bought a new stake in Comfort Systems USA in the 4th quarter valued at $2,124,000. Finally, Raymond James Financial Inc. acquired a new position in Comfort Systems USA in the 4th quarter worth $39,038,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $347.94 on Monday. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a market cap of $12.29 billion, a P/E ratio of 23.81 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock’s 50-day simple moving average is $359.67 and its 200 day simple moving average is $415.34.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. Comfort Systems USA’s payout ratio is currently 10.95%.

Analyst Ratings Changes

A number of brokerages have recently commented on FIX. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a report on Monday, February 24th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “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.