Van ECK Associates Corp Acquires 2,582 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Van ECK Associates Corp increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 34.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,152 shares of the construction company’s stock after acquiring an additional 2,582 shares during the quarter. Van ECK Associates Corp’s holdings in Comfort Systems USA were worth $2,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Comfort Systems USA by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company’s stock worth $1,265,000 after acquiring an additional 1,175 shares during the last quarter. Advisor Partners II LLC lifted its stake in Comfort Systems USA by 73.6% in the 3rd quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company’s stock worth $568,000 after purchasing an additional 1,414 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Comfort Systems USA during the third quarter valued at $930,000. Portside Wealth Group LLC boosted its position in shares of Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock valued at $368,000 after acquiring an additional 74 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Comfort Systems USA by 99.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company’s stock worth $14,208,000 after acquiring an additional 41,527 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares of the company’s stock, valued at approximately $4,135,548.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock worth $13,739,345 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

FIX opened at $346.09 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. Comfort Systems USA, Inc. has a 1 year low of $144.45 and a 1 year high of $346.57. The stock’s 50 day simple moving average is $311.99 and its 200 day simple moving average is $243.89. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 34.27 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. As a group, analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. DA Davidson lifted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, UBS Group increased their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th.

Comfort Systems USA 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.