Van ECK Associates Corp Buys 1,933 Shares of Comfort Systems USA, Inc. $FIX

Van ECK Associates Corp grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 22.1% during the second quarter, Holdings Channel reports. The institutional investor owned 10,688 shares of the construction company’s stock after buying an additional 1,933 shares during the period. Van ECK Associates Corp’s holdings in Comfort Systems USA were worth $21,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan increased its holdings in Comfort Systems USA by 2.8% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 4,842 shares of the construction company’s stock worth $9,597,000 after acquiring an additional 132 shares in the last quarter. Navellier & Associates Inc. increased its holdings in Comfort Systems USA by 2.8% in the 2nd quarter. Navellier & Associates Inc. now owns 20,358 shares of the construction company’s stock valued at $40,349,000 after acquiring an additional 556 shares during the last quarter. Field & Main Bank purchased a new stake in shares of Comfort Systems USA in the second quarter worth about $32,000. Prosperitas Financial LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $11,419,000. Finally, Wellington Management Group LLP raised its stake in Comfort Systems USA by 447.6% during the second quarter. Wellington Management Group LLP now owns 104,995 shares of the construction company’s stock valued at $208,095,000 after purchasing an additional 85,821 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,518.08 on Monday. The firm has a market capitalization of $53.42 billion, a PE ratio of 37.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99. The company’s fifty day moving average price is $1,747.26 and its 200-day moving average price is $1,672.11.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the business posted $6.53 EPS. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Buying and Selling

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,778 shares of company stock valued at $56,306,777 over the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research note on Thursday, August 20th. KeyCorp raised their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.