Van ECK Associates Corp increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,961 shares of the construction company's stock after acquiring an additional 9,999 shares during the period. Van ECK Associates Corp owned about 0.10% of Comfort Systems USA worth $14,826,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co bought a new stake in Comfort Systems USA during the 4th quarter valued at $2,998,000. Zacks Investment Management grew its stake in Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after purchasing an additional 1,795 shares during the last quarter. Entropy Technologies LP purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $1,484,000. WCM Investment Management LLC lifted its holdings in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock valued at $38,833,000 after buying an additional 14,090 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $940,000. 96.51% of the stock is owned by institutional investors.
Insider Activity
In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company's stock.
Comfort Systems USA Stock Up 0.2 %
Shares of NYSE FIX traded up $0.71 during mid-day trading on Wednesday, hitting $395.30. The company had a trading volume of 423,628 shares, compared to its average volume of 503,113. The company has a market capitalization of $14.07 billion, a PE ratio of 30.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $239.80 and a 1-year high of $553.09. The business's 50-day simple moving average is $451.49 and its 200 day simple moving average is $413.88.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $506.75.
Read Our Latest Stock Analysis on FIX
About Comfort Systems USA
(
Free Report)
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.
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