Van ECK Associates Corp Has $2.09 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Van ECK Associates Corp raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FIX. Raymond James & Associates grew its stake in shares of Comfort Systems USA by 6.6% during the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company's stock valued at $13,366,000 after acquiring an additional 4,031 shares during the period. State of Michigan Retirement System bought a new stake in Comfort Systems USA during the fourth quarter valued at about $1,769,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $1,194,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Comfort Systems USA by 131.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company's stock worth $1,007,000 after purchasing an additional 2,780 shares in the last quarter. Finally, FMR LLC raised its stake in Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company's stock valued at $97,266,000 after purchasing an additional 216,200 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $1.00 during mid-day trading on Thursday, reaching $347.21. 348,825 shares of the company's stock traded hands, compared to its average volume of 360,208. Comfort Systems USA, Inc. has a 12-month low of $144.45 and a 12-month high of $351.49. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 34.38 and a beta of 1.20. The stock has a 50 day moving average of $311.99 and a two-hundred day moving average of $243.89. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $1.51 EPS. The firm's revenue for the quarter was up 30.8% compared to the same quarter last year. Equities analysts forecast that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.25. Comfort Systems USA's payout ratio is currently 11.88%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 8,429 shares of the company'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 directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO T Mckenna Trent sold 14,185 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William George III sold 8,429 shares of Comfort Systems USA 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 sale, the chief financial officer now owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,114 shares of company stock worth $14,946,495. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FIX shares. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. DA Davidson lifted their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. UBS Group increased their price objective 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. Finally, KeyCorp began coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a "sector weight" rating on the stock.

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.