Van ECK Associates Corp Increases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Van ECK Associates Corp boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,962 shares of the construction company's stock after acquiring an additional 7,132 shares during the period. Van ECK Associates Corp owned about 0.07% of Comfort Systems USA worth $10,285,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in Comfort Systems USA during the 1st quarter worth $550,000. Comerica Bank boosted its holdings in Comfort Systems USA by 34.5% in the first quarter. Comerica Bank now owns 103,730 shares of the construction company's stock valued at $32,956,000 after acquiring an additional 26,616 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $971,000. Schwartz Investment Counsel Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $1,327,000. Finally, Atria Investments Inc acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $1,192,000. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,591 shares of company stock valued at $14,835,665. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 0.8 %

NYSE FIX traded up $3.56 on Thursday, hitting $440.84. 167,851 shares of the company were exchanged, compared to its average volume of 384,269. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $381.28 and a 200-day moving average of $340.98. The company has a market cap of $15.69 billion, a PE ratio of 33.47 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $183.23 and a 12 month high of $444.97.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business earned $2.74 EPS. The business's revenue was up 31.5% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA, Inc. will post 13.88 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 Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.32%. Comfort Systems USA's payout ratio is 9.18%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th.

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.