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

Van ECK Associates Corp boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 40.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,961 shares of the construction company’s stock after buying an additional 9,999 shares during the period. Van ECK Associates Corp owned approximately 0.10% of Comfort Systems USA worth $14,826,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FIX. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after acquiring an additional 28 shares during the period. Dakota Wealth Management raised its position in Comfort Systems USA by 3.8% in the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after purchasing an additional 29 shares during the period. Covestor Ltd lifted its stake in Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the last quarter. Signaturefd LLC lifted its stake in Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the last quarter. Finally, Trust Point Inc. boosted its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after buying an additional 32 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FIX shares. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $506.75.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

FIX opened at $391.40 on Friday. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 29.95 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $239.80 and a 12-month high of $553.09. The business’s fifty day simple moving average is $452.91 and its 200-day simple moving average is $412.86.

Comfort Systems USA Company 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.